Evaluation of direct material price variance

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Reference no: EM1313151

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: EM1313151

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