Reference no: EM132608256
The Albright Company uses standard costing and has established the following standards for its single product:
Direct Materials 2 litres at $3 per litre
Direct Labour 0.5 hours at $8 per hour
Variable Manufacturing Overhead 0.5 hours at $2 per hour
During November, the company made 4,000 units and incurred the following costs:
Direct Materials Purchased 8,100 litres at $3.10 per litre
Direct Materials Used 7,600 litres
Direct Labour Used 2,200 hours at $8.25 per hour
Actual Variable Manufacturing Overhead $4,175
The company applies variable manufacturing overhead to products on the basis of direct labour hours.
Problem 1: What was the materials price variance for November?
A) $810 unfavourable.
B) $2,310 favourable.
C) $2,310 unfavourable.
D) $810 favourable.
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