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Business, 19.11.2019 01:31 merunikitty1226

James company manufactures t-shirts. during the year, it manufactured 250,000 t-shirts, using 2 hours of direct labor at a rate of $8.50 per hour. it took james 1,400,000 yards at $2.50 per yard to make the 250,000 t-shirts. the materials and labor standards for manufacturing the t-shirts are: direct materials (6 yards of fabric @ $3 per yard) $18 direct labor (2.4 hours @ $8.00 per hour) 17 what is james' materials price variance assuming that materials purchased equals materials used?

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