Lucas Company Has Set Standards for the Manufacturing of Clay

question 31

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 $1,872.All of the direct materials were used to manufacture 295 pots.Lucas' direct materials price variance was

• A)$102 (U).
• B)$72 (U).
• C)$102 (F).
• D)$70 (U).

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