The following materials standards have been established for a particular product: The following data pertain to operations concerning the product for the last month:
The direct materials purchases variance is computed when the materials are purchased.What is the materials price variance for the month?
A) $480 Favorable
B) $430 Favorable
C) $430 Unfavorable
D) $480 Unfavorable

Question

The following materials standards have been established for a particular product:  The following data pertain to operations concerning the product for the last month:
 The direct materials purchases variance is computed when the materials are purchased.What is the materials price variance for the month?
A) $480 Favorable 
B) $430 Favorable 
C) $430 Unfavorable 
D) $480 Unfavorable

Quizplus · Accepted Answer

The Answer of The following materials standards have been established for a particular product:  The following data pertain to operations concerning the product for the last month:
 The direct materials purchases variance is computed when the materials are purchased.What is the materials price variance for the month?
A) $480 Favorable 
B) $430 Favorable 
C) $430 Unfavorable 
D) $480 Unfavorable

The Following Materials Standards Have Been Established for a Particular