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Hewlitt Company has gathered the following information about its purchase and use of raw materials...

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Accounting

Hewlitt Company has gathered the following information about its purchase and use of raw materials for September:Standard price per kilogram of raw material $10.00Actual purchase price per kilogram of raw material $9.60Standard quantity allowed for actual production (kilograms)900Actual quantity of raw materials purchased (kilograms)1,000Hewlitt Company uses a standard cost system. What is the materials price variance?*$400 favourable$400 unfavourable$360 favourable$360 unfavourable

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