ToolTime has a standard of 1.5 pounds of materials per unit, at $4 per pound. In producing 2,000 units, ToolTime used 3,100 pounds of materials at a total cost of $12,090. ToolTime's materials price variance is
A) $90 U.
B) $310 F.
C) $400 F.
D) $700 F.

Question

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The Answer of ToolTime has a standard of 1.5 pounds of materials per unit, at $4 per pound. In producing 2,000 units, ToolTime used 3,100 pounds of materials at a total cost of $12,090. ToolTime's materials price variance is
A) $90 U.
B) $310 F.
C) $400 F.
D) $700 F.

ToolTime Has a Standard of 1