Fletcher Company collected the following data regarding production of one of its products. Compute the direct materials price variance. $$\begin{array} { l rl}
\text { Direct materlals stardard (6lbs. @ \$2/16.) } & \$ 12 & \text { per finished unit } \
\text { Actual direct materials used } & 243,000 & \text { lbs. } \
\text { Actual finished units produced } & 40,000 & \text { units }\
\text { Actual cost of direct materials used}&\$483,570\
\end{array}$$

Question

Fletcher Company collected the following data regarding production of one of its products. Compute the direct materials price variance. $$\begin{array} { l rl} 
\text { Direct materlals stardard (6lbs. @ \$2/16.) } & \$ 12 & \text { per finished unit } \
\text { Actual direct materials used } & 243,000 & \text { lbs. } \
\text { Actual finished units produced } & 40,000 & \text { units }\
\text { Actual cost of direct materials used}&\$483,570\
\end{array}$$

Quizplus · Accepted Answer

The Answer of Fletcher Company collected the following data regarding production of one of its products. Compute the direct materials price variance. $$\begin{array} { l rl} 
\text { Direct materlals stardard (6lbs. @ \$2/16.) } & \$ 12 & \text { per finished unit } \
\text { Actual direct materials used } & 243,000 & \text { lbs. } \
\text { Actual finished units produced } & 40,000 & \text { units }\
\text { Actual cost of direct materials used}&\$483,570\
\end{array}$$

Fletcher Company Collected the Following Data Regarding Production of One