Keller Company Has a Materials Price Standard of $2

question 189

Multiple Choice

Keller Company has a materials price standard of $2.00 per pound. Five thousand pounds of materials were purchased at $2.20 a pound. The actual quantity of materials used was 5,000 pounds, although the standard quantity allowed for the output was 4,500 pounds.
Keller Company's materials price variance is

• A) $100 U.
• B) $1,000 U.
• C) $900 U.
• D) $1,000 F.

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