Gipple Corporation makes a product that uses a material with the quantity standard of 9.1...
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Accounting
Gipple Corporation makes a product that uses a material with the quantity standard of 9.1 grams per unit of output and the price standard of $7.80 per gram. In January the company produced 5,200 units using 26,670 grams of the direct material. During the month the company purchased 29,200 grams of the direct material at $7.90 per gram. The direct materials purchases variance is computed when the materials are purchased.
The materials price variance for January is:
A. 4,732 F
B. 2,920 U
C. 4,732 U
D. 2,920 F
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