Lucas Company Has Set Standards for the Manufacturing of Clay

question 18

Multiple Choice

Lucas Company has set standards for the manufacturing of clay pots to be 2 pounds of direct materials, per pot, at a cost of $3 per pound. During the current period, 600 pounds of direct materials were purchased for $1872. All of the direct materials were used to manufacture 295 pots. Lucas's direct materials price variance was

• A) $102 (U).
• B) $72 (U).
• C) $102 (F).
• D) zero.

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