Hope Corporation recently purchased 30,000 metres of direct material at $6.60 per metre. Usage by the end of the period amounted to 28,000 metres. If the standard cost is $7.00 per metre and the company believes in computing variances at the earliest point possible, the direct-material price variance would be calculated as:

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The Answer of Hope Corporation recently purchased 30,000 metres of direct material at $6.60 per metre. Usage by the end of the period amounted to 28,000 metres. If the standard cost is $7.00 per metre and the company believes in computing variances at the earliest point possible, the direct-material price variance would be calculated as:

Hope Corporation Recently Purchased 30,000 Metres of Direct Material at $6.60