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What was the material price variance for may 2016

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Reference no: EM131807388

The standard direct material cost to produce one widget is four meters of widget line (material) at $3.00 per meter. Durig May 2016, 6,000 meters of line (material) costing $17,500 were purchased and used to produce 1,500 units of widgets. What was the material price variance for May 2016?

a. $200 Favorable
b. $500 Unfavorable
c. $800 Unfavorable
d. $500 Favorable

 

Reference no: EM131807388

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