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What was Rex direct materials price variance

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Question - Information on Rex Co.'s direct material costs for May follows:

Actual quantity of direct materials purchased and used = 30,000 pounds

Actual cost of direct materials = $84,000

Unfavorable direct materials quantity variance = $3,000

Standard quantity of direct materials allowed for May production = 29,000 pounds

Required - For the month of May, what was Rex's direct materials price variance?

a. $2,800 favorable

b. $2,800 unfavorable

c. $6,000 unfavorable

d. $6,000 favorable

Reference no: EM132529932

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