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What was the direct materials price variance for last month

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Reference no: EM133011170

Question - 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 $2840. Also last month, 710 kilograms of direct materials were used to produce 136 units. What was the direct materials price variance for last month?

a. $160 unfavourable

b. $12160 unfavourable

c. $160 favourable

d. $12160 favourable

Reference no: EM133011170

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