The direct materials price variance

Reference no: EM131022185

20] A company has established 5 pounds of Material J at $3 per pound as the standard for the material in its Product Z. The company has just produced 1,300 units of this product, using 6,700 pounds of Material J that cost $18,980.The direct materials price variance is (Do not round intermediate calculations):

$1,120 favorable.
$600 favorable.
$600 unfavorable.
$1,120 unfavorable.
$520 favorable.

Reference no: EM131022185

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