Matinna Co.maintains no inventories and has the following data pertaining to one of its direct materials in July:
All materials purchased during the month were issued to production.What was the direct materials purchase-price variance for July?
A)$1,500 favorable.
B)$3,000 unfavorable.
C)$3,000 favorable.
D)$7,500 unfavorable.
E)$7,500 favorable.

Question

Matinna Co.maintains no inventories and has the following data pertaining to one of its direct materials in July: 
All materials purchased during the month were issued to production.What was the direct materials purchase-price variance for July?
A)$1,500 favorable. 
B)$3,000 unfavorable. 
C)$3,000 favorable. 
D)$7,500 unfavorable. 
E)$7,500 favorable.

Quizplus · Accepted Answer

The Answer of Matinna Co.maintains no inventories and has the following data pertaining to one of its direct materials in July: 
All materials purchased during the month were issued to production.What was the direct materials purchase-price variance for July?
A)$1,500 favorable. 
B)$3,000 unfavorable. 
C)$3,000 favorable. 
D)$7,500 unfavorable. 
E)$7,500 favorable.