Georgia Inc has collected the following data on one of its products

Question

Georgia, Inc. has collected the following data on one of its products. The direct materials price variance is:

Direct materials standard (4 lbs. @ $1/lb.)	$4 per finished unit
Total direct materials cost varianceunfavorable	$13,750
Actual direct materials used	150,000 lbs.
Actual finished units produced	30,000 units

A.$13,750 unfavorable.
B.$16,250 unfavorable.
C.$16,250 favorable.
D.$30,000 unfavorable.
E.$33,000 favorable.

Answer

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