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vsisto vsisto
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5 years ago
Mid City Products Inc. (MCP), developed standard costs for direct material and direct labor. In 2017, MCP estimated the following standard costs for one of their most popular products.

Budgeted quantityBudgeted price
Direct materials1 pounds$8.60 per pound
Direct labor0.20 hours$13.00 per hour

During September, MCP produced and sold 1,000 units using 1,400 pounds of direct materials at an average cost per pound of $8.00 and 160 direct labor hours at an average wage of $13.50 per hour.

The direct material price variance during September is ________.
A) $840 favorable
B) $840 unfavorable
C) $2,600 unfavorable
D) $2,600 favorable
Textbook 
Cost Accounting: A Managerial Emphasis

Cost Accounting: A Managerial Emphasis


Edition: 16th
Authors:
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nicolepope23nicolepope23
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vsisto Author
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#2
5 years ago
Enough said, this helped my grade so much
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#3
5 years ago
Perfect
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