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Determine cultco direct material price variance

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Question - Cultco Pty Ltd has set the following direct material standards per unit of product: 2.5 kg @ $3.00 per kg; $7.50 per unit. During April, actual direct material purchased and used amounted to 8000 kg at a cost of $3.10 per kg. Actual production level was 3,000 units. Determine Cultco's direct material price variance.

Reference no: EM133144945

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Determine cultco direct material price variance : Cultco Pty Ltd set the following direct material standards per unit of product: 2.5 kg @ $3.00 per kg; $7.50 per unit. Determine Cultco direct material price
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