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Calculate the direct materials price variance

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Reference no: EM132894283

Question - Company X's budget for 2019 Q1 (for one unit):

Direct materials 7 gallons at $6 per gallon

Direct manufacturing labor 11 hours at $12

During 2019 Q1, company X produced 2,100 units; purchased and used 14,000 gallons of DM costing $81,200. Direct labor totaled 23,600 hours for $306,800.

Required - Calculate the direct materials price variance for 2019 Q1?

Reference no: EM132894283

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