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Find the raw materials price variance for the month

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Reference no: EM131671488

Question - Bumgardner Inc. has provided the following data concerning one of the products in its standard cost system.

Inputs Standard Quantity or Hours per Unit of Output Standard Price or Rate Direct materials 8.0 liters $5.00 per liter

The company has reported the following actual results for the product for April:

Actual output 7,400 units

Raw materials purchased 65,400 liters

Actual price of raw materials $5.70per liter

Raw materials used in production 59,210 liters

The direct materials purchases variance is computed when the materials are purchased.

The raw materials price variance for the month is closest to:

$41,447 F

$41,447 U

$45,780 F

Reference no: EM131671488

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