A Company Has Established 5 Pounds of Material J at $2

question 124

Multiple Choice

A company has established 5 pounds of Material J at $2 per pound as the standard for the material in its Product Z.The company has just produced 1,000 units of this product,using 5,200 pounds of Material J that cost $9,880.The direct materials price variance is:

• A)$520 unfavorable.
• B)$400 unfavorable.
• C)$120 favorable.
• D)$520 favorable.
• E)$400 favorable.

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