Reference no: EM132189526

Question - The Dietrich Company developed the following standards for the manufacture of its product:

• Each unit should have 3 pounds of direct materials purchased at $8 per pound.

• Each unit should be produced in 2 hours at a direct labor cost of $20 per hour.

Actual production was 4,000 units using 11,800 pounds of direct materials at a total cost of $96,300 and required 9,400 direct labor hours at a total cost of $182,600. What was the direct materials "total" variance? Use a positive number to indicate a favorable variance or a negative number to indicate an unfavorable variance.