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Crichton Company the Following Information Is for Crichton Company's July

Question 131

Multiple Choice

Crichton Company The following information is for Crichton Company's July production:
 Standard:  Material 3.0 feet per unit @$4.20 per foot  Labor 2.5 hours per unit @$7.50 per hour \begin{array}{ll}\textbf { Standard: }\\\text { Material } & 3.0 \text { feet per unit } @ \$ 4.20 \text { per foot } \\\text { Labor } & 2.5 \text { hours per unit } @ \$ 7.50 \text { per hour }\end{array}

 Actual:  Production 2,750 units produced during the month  Material 8,700 feet used; 9,000 feet purchased @ $4.50 per foot  Labor 7,000 direct labor hours $7.90 per hour \begin{array}{ll}\textbf { Actual: }\\\text { Production } & 2,750 \text { units produced during the month } \\\text { Material } & 8,700 \text { feet used; } 9,000 \text { feet purchased @ } \$ 4.50 \text { per foot } \\\text { Labor } & 7,000 \text { direct labor hours } \$ 7.90 \text { per hour }\end{array} (Round all answers to the nearest dollar.)
Refer to Crichton Company.What is the material price variance (calculated at point of purchase) ?


A) $2,700 U
B) $2,700 F
C) $2,610 F
D) $2,610 U

Correct Answer:

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