The following data relates to QA firm.
Cost standards:
Actual results:
7800 units were produced.
Calculate the direct material price variance, based on the quantity of materials purchased.
A) $2310 (
B) $2500 (
C) $2500 (
D) $2000 (

Question

The following data relates to QA firm.
Cost standards: 
Actual results:
7800 units were produced. 
Calculate the direct material price variance, based on the quantity of materials purchased.
A) $2310 (
B) $2500 (
C) $2500 (
D) $2000 (

Quizplus · Accepted Answer

The question does not provide information on the actual cost of materials purchased, so we cannot calculate the direct material price variance. The answer choices are all based on speculation.

The Following Data Relates to QA Firm