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Calculate swiftys direct materials price variance for month

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Reference no: EM132406622

Question

Swifty Gold manufactures award medals. In August, Swifty produced 5,950 medals, 159 more than expected. During the month, the company purchased 1,210 ounces of gold for $1,059,000. The standard price for the gold is $882 per ounce. The company actually used 1,089 ounces of gold for production.

Calculate Swifty's direct materials price variance for the month. (If variance is zero, select "Not Applicable" and enter 0 for the amounts.)

Reference no: EM132406622

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