Standard quantity orhoursStandard price orrateStandardcostDirectmaterials3.5 feet$6.00 per foot$21.00Direct labor0.4 hours$10 per hour$ 4.00During April, the following activity was recorded regarding the new product:Purchased 7,000 feet of material at a cost of $5.75 per foot.Used 6,000 feet of material to product 1,500 units of the new product.Worked 725 direct labor hours on the new product at a cost of $8,120.3.(Ch 7)The direct material price variance for April is:a.$1,750 unfavorableb.$1,750 favorablec.$1,500 unfavorabled.$1,500 favorableThe correct answer is B. See the solution below for more details regarding the calculation.
4.(Ch 7)The direct material quantity variance for April is:
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