The Charger Company makes tables and the following standards have been developed: Production of 230 tables was expected in July,but 250 tables were actually completed.Direct materials purchased and used were 2,200 pounds at an actual price of $4.50 per pound.Direct labor cost for the month was $10,620,and the actual pay per hour was $18.00.What is the direct material price variance for July?
A)$800 Favorable
B)$800 Unfavorable
C)$1,100 Favorable
D)$1,100 Unfavorable

Question

The Charger Company makes tables and the following standards have been developed:  Production of 230 tables was expected in July,but 250 tables were actually completed.Direct materials purchased and used were 2,200 pounds at an actual price of $4.50 per pound.Direct labor cost for the month was $10,620,and the actual pay per hour was $18.00.What is the direct material price variance for July?
A)$800 Favorable 
B)$800 Unfavorable 
C)$1,100 Favorable 
D)$1,100 Unfavorable

Quizplus · Accepted Answer

The Answer of The Charger Company makes tables and the following standards have been developed:  Production of 230 tables was expected in July,but 250 tables were actually completed.Direct materials purchased and used were 2,200 pounds at an actual price of $4.50 per pound.Direct labor cost for the month was $10,620,and the actual pay per hour was $18.00.What is the direct material price variance for July?
A)$800 Favorable 
B)$800 Unfavorable 
C)$1,100 Favorable 
D)$1,100 Unfavorable

The Charger Company Makes Tables and the Following Standards Have