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What was the materials price variance

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Reference no: EM133022180

Question - The standard cost card for a product indicates that one unit of the product requires 8 kilograms of a raw material at $0.80 per kilogram. The actual production of the product in April was 870 units. While the production had been budgeted for 850 units. During April, 7,150 kilograms of the raw material were purchased for $5,625. All the kilograms of the raw material purchased were used in production. What was the materials price variance?

Reference no: EM133022180

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