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What is the direct materials price variance for the month

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Question - Madden Corporation manufactures t-shirts, which is its only product. The standards for t-shirts are as follows:

Standard direct materials cost per yard: $8

Standard direct materials quantity per t-shirt (yards): 1.5

During the month of May, the company produced 1,250 t-shirts. Related production data for the month follows:

Actual yards of direct material purchased: 1,400

Actual direct materials total cost: %15,500

What is the direct materials price variance for the month?

A) $3,800 favorable

B) $4,300 unfavorable

C) $3,800 unfavorable

D) $4,300 favorable

Reference no: EM131589916

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