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What is the company materials purchase price variance

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Reference no: EM132997160

Question - A manufacturer of portable DVD player buys components from subcontractors for assembly into complete DVD players. Each player requires 6 units of Part A, which has a standard cost of P100 per unit. During May, the company's records showed the following with respect to Part A: Purchases 15,000 units; Purchase price P110 per unit; Units of players produced 2,000; Units of Part A used in production 12,400. What is the company's materials purchase price variance?

Reference no: EM132997160

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