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Direct Materials Price Variance Favourability

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April Corporation developed the following per-unit standards for its product: 2 pounds of direct materials at $3.75 per pound. Last month, 2,000 pounds of direct materials were purchased for $7,600. The direct materials price variance for last month was:

a. $3,800 favorable.
b. $200 favorable.
c. $100 unfavorable.
d. $200 unfavorable.

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Solution Summary

This solution explains the answer for a question that asks for the correct direct material price variance for a given month at April Corporation.

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