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What was direct materials price variance at time of purchase

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Question 1: A company developed the following per-unit standards for its product: 5 kilograms of direct materials at $3.00 per kilogram. Last month, 1000 kilograms of direct materials were purchased for $2800. Also last month, 650 kilograms of direct materials were used to produce 130 units. What was the direct materials price variance at the time of purchase?

Option a) $12200 favourable

Option b) $200 favourable

Option c) $12200 unfavourable

Option d) $200 unfavourable

Reference no: EM132527134

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