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Find what is the direct materials price variance

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Reference no: EM132527543

Question 1: The standard materials cost to produce 1 unit of Product R is 9 pounds of material at a standard price of $66 per pound. In manufacturing 5,000 units, 42,900 pounds of material were used at a cost of $67 per pound. What is the direct materials price variance?

Option 1: $95,700 favorable.

Option 2: $138,600 unfavorable.

Option 3: $138,600 favorable.

Option 4: $42,900 favorable.

Option 5: $42,900 unfavorable.

Reference no: EM132527543

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