Devoto Incorporated has provided the following data concerning one of the products in its standard cost system. The company has reported the following actual results for the product for June:
The raw materials price variance for the month is closest to:
A) $51,600 Unfavorable
B) $48,568 Favorable
C) $51,600 Favorable
D) $48,568 Unfavorable

Question

Devoto Incorporated has provided the following data concerning one of the products in its standard cost system.  The company has reported the following actual results for the product for June:
 The raw materials price variance for the month is closest to:
A) $51,600 Unfavorable 
B) $48,568 Favorable 
C) $51,600 Favorable 
D) $48,568 Unfavorable

Quizplus · Accepted Answer

The Answer of Devoto Incorporated has provided the following data concerning one of the products in its standard cost system.  The company has reported the following actual results for the product for June:
 The raw materials price variance for the month is closest to:
A) $51,600 Unfavorable 
B) $48,568 Favorable 
C) $51,600 Favorable 
D) $48,568 Unfavorable

Devoto Incorporated Has Provided the Following Data Concerning One of the Products