Asked by
savannah dixon
on Oct 10, 2024
Verified
The materials price variance is:
A) $700 U
B) $600 F
C) $600 U
D) $700 F
Materials Price Variance
The difference between the actual cost of direct materials and the expected cost at standard prices.
- Absorb the principles behind the calculation of materials price variance.
- Detail the specifics that identify a variance as favorable (F) versus unfavorable (U).
Verified Answer
BP
Learning Objectives
- Absorb the principles behind the calculation of materials price variance.
- Detail the specifics that identify a variance as favorable (F) versus unfavorable (U).