The company uses standard costing and has developed the

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The company uses standard costing and has developed the following information about standards for its product: materials - 2 yard per unit; $10 per yard labor - 0.25 DL hour per unit; $11 per hour During october the company experiences an unanticipated spike in demand and increased pproduction. although planned production was for 8000 units the company actually produced 10000units. In anticipation of the original production volumn, 18000 yards were purchased at a total cost of 175000. during the month 22000 yards of material were used and 2400 direct labor hours were worked. direct labor cost for the month totaled 27000. compute the direct materials price variance and specify if it is favorable or unfavorable.

Reference no: EM13600154

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