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Calculate Swifty direct materials price variance

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Reference no: EM133013770

Question - Swifty Water Works manufactures snorkel gear. During the past month, Washington purchased 2,000 pounds of plastic to use in its dive masks, at a cost of $4,400. The standard price for the plastic is $1.80 per pound. The company actually used 1,900 pounds of the plastic to produce 15,000 dive masks.

Required -

A. Calculate Swifty's direct materials price variance for the month.

B. Is it favorable, unfavorable or neither.

Reference no: EM133013770

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