What was the direct materials total variance

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

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

2. 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?

Reference no: EM132452159

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