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Calculation of direct material price variancea dress

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Reference no: EM13356305

Calculation of direct material price variance.

A dress company has the following standards to make one dress:

 

Standard Quantity

Standard Price

Direct materials

3 yards per unit

$6.50 per yard

Direct labor

1.5 hours per unit

$8.00 per hour

The company purchased 3,000 yards of material in March for $21,000. The company used 2,800 yards in March in order to make 7,700 dresses. The direct materials price variance is?

Reference no: EM13356305

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