Bumgardner Incorporated has provided the following data concerning one of the products in its standard cost system. The company has reported the following actual results for the product for April:
The direct materials purchases variance is computed when the materials are purchased.The raw materials price variance for the month is closest to:
A) $45,780 Favorable
B) $45,780 Unfavorable
C) $41,447 Unfavorable
D) $41,447 Favorable

Question

Bumgardner Incorporated has provided the following data concerning one of the products in its standard cost system.  The company has reported the following actual results for the product for April:
 The direct materials purchases variance is computed when the materials are purchased.The raw materials price variance for the month is closest to:
A) $45,780 Favorable 
B) $45,780 Unfavorable 
C) $41,447 Unfavorable 
D) $41,447 Favorable

Quizplus · Accepted Answer

The Answer of Bumgardner Incorporated has provided the following data concerning one of the products in its standard cost system.  The company has reported the following actual results for the product for April:
 The direct materials purchases variance is computed when the materials are purchased.The raw materials price variance for the month is closest to:
A) $45,780 Favorable 
B) $45,780 Unfavorable 
C) $41,447 Unfavorable 
D) $41,447 Favorable

Bumgardner Incorporated Has Provided the Following Data Concerning One of the Products