Fitness bands corporation gathered the following information: standard total cost actual total cost direct materials standard: 2,400 pints at $ 3.50/pint $8,400 actual: 2,600 pints at $ 6.00/pint $15,600 what is the direct materials price variance? a. $2,500 unfavorable b. $1,750 unfavorable c. $1,750 favorable d. $2,500 favorable

Nono of the answer is correct.

Explanation:

Giving the following information:

Standard Cost:   2,400 pints at $ 3.50/pint $8,400

Actual: 2,600 pints at $ 6.00/pint $15,600

Direct material price variance= (standard price - actual price)*actual quantity

Direct material price variance= (3.5 - 6)*2,600= 6,500 unfavorable

lbc corporation makes and sells a product called product wz. each unit of product wz requires 4.1 hours of direct labor at the rate of $20.00 per direct labor-hour. management would like you to prepare a direct labor budget for june. the company plans to sell 28,000 units of product wz in june. the finished goods inventories o

answer; erp systems;