The following company information is available for January:
$$\begin{array} { l l }
\text { Direct materials used } & 2,500 \text { feet @ \$55 per foot } \
\text { Standard costs for direct materials for January } & 2,600 \text { feet } @ \$ 53 \text { per foot } \
\text { production } &
\end{array}$$
The direct material price variance is:
A) $5,000 favorable
B) $ 300 favorable
C) $5,300 unfavorable
D) $5,000 unfavorable
E) $5,300 favorable

Question

The following company information is available for January:
$$\begin{array} { l l } 
\text { Direct materials used } & 2,500 \text { feet @ \$55 per foot } \
\text { Standard costs for direct materials for January } & 2,600 \text { feet } @ \$ 53 \text { per foot } \
\text { production } &
\end{array}$$
The direct material price variance is:
A) $5,000 favorable
B) $ 300 favorable
C) $5,300 unfavorable
D) $5,000 unfavorable
E) $5,300 favorable

Quizplus · Accepted Answer

The Answer of The following company information is available for January:
$$\begin{array} { l l } 
\text { Direct materials used } & 2,500 \text { feet @ \$55 per foot } \
\text { Standard costs for direct materials for January } & 2,600 \text { feet } @ \$ 53 \text { per foot } \
\text { production } &
\end{array}$$
The direct material price variance is:
A) $5,000 favorable
B) $ 300 favorable
C) $5,300 unfavorable
D) $5,000 unfavorable
E) $5,300 favorable

The Following Company Information Is Available for January The Direct Material Price Variance Is: A) $5,000 Favorable B)

The Following Company Information Is Available for January The Direct Material Price Variance Is:
A) $5,000 Favorable
B)