Firecracker Company has developed the following standards for one of its products. The company records materials price variances at the time of purchase.
The direct materials price variance is
A) $50,000 favorable.
B) $50,000 unfavorable.
C) $10,000 favorable.
D) $10,000 unfavorable.

Question

Firecracker Company has developed the following standards for one of its products.  The company records materials price variances at the time of purchase.
The direct materials price variance is
A) $50,000 favorable. 
B) $50,000 unfavorable. 
C) $10,000 favorable. 
D) $10,000 unfavorable.

Quizplus · Accepted Answer

The Answer of Firecracker Company has developed the following standards for one of its products.  The company records materials price variances at the time of purchase.
The direct materials price variance is
A) $50,000 favorable. 
B) $50,000 unfavorable. 
C) $10,000 favorable. 
D) $10,000 unfavorable.

Firecracker Company Has Developed the Following Standards for One of Its