Capital Leather Company produces leather footballs.The standard cost for each football is: Direct material 2 feet of leather at per foot
Direct labor 1.5 hours at per hour During February, 1,200 footballs were produced and 2,600 feet of leather were purchased at $4.25 per foot.Production usage was 2,300 feet.Direct labor cost incurred was $20,930 for 1,820 hours.How much is the direct material price variance?
A) $650 favorable
B) $650 unfavorable
C) $575 favorable
D) $575 unfavorable
Correct Answer:
Verified
Q106: Mohammed Company employs a standard cost
Q107: Barnes Company produces men's ties.The following
Q108: Capital Leather Company produces leather footballs.The
Q109: Standard Gears produces lawn mower gears.It
Q110: Standard Gears produces lawn mower gears.It
Q112: Standard Gears produces lawn mower gears.It
Q113: Capital Leather Company produces leather footballs.The
Q114: Glue For All has developed the following
Q115: Capital Leather Company produces leather footballs.The
Q116: Barnes Company produces men's ties.The following
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents