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Discuss what is the direct materials price variance

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Reference no: EM131762283

Exeter has a material standard of 1 pound per unit of output. Each pound has a standard price of $26 per pound. During July, Exeter paid $66,100 for 2,475 pounds, which they used to produce 2,350 units. What is the direct materials price variance?

a. $6,300 unfavorable
b. $1,750 unfavorable
c. $1,300 favorable
d. $5,000 unfavorable

Reference no: EM131762283

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