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What was the materials price variance for december

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Question 1: Kirkland Company produces a product requiring 16.3 pounds of material costing $4.30 per pound. During December, the company purchased 4,000 pounds of material for $18,700 and used the material to produce 320 products. What was the materials price variance for December?

Option 1: $1,500 Unfavorable

Option 2: $1,500 Favorable

Option 3: $3,729 Favorable

Option 4: $3,729 Unfavorable

Reference no: EM132580536

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