Georgia, Inc. has collected the following data on one of its products. The direct materials...
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Georgia, Inc. has collected the following data on one of its products. The direct materials price variance is: Direct materials standard (3 lbs @ $2/lb) $ 6 per finished unit Total direct materials cost varianceunfavorable $ 25,750 Actual direct materials used 120,000 lbs Actual finished units produced 30,000 units $25,750 unfavorable. $60,000 unfavorable. $34,250 unfavorable. $55,750 favorable. $34,250 favorable.
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