The materials price variance

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Reference no: EM13906753

Total production of 1,000 units of finished goods required 3,000 actual parts at $2.25 per part. The standard is 2.9 parts per unit of finished goods, at a standard price of $2.30 per part. Which of the following statements is true?

A. The materials price variance is $150 favorable.

B. The materials price variance is $145 unfavorable.

C. The materials quantity variance is $225 favorable.

D. The materials quantity variance is $225 unfavorable.

E. None of these.

Reference no: EM13906753

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