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Standard cost/unit to manufacture Z-frames: Direct material 3 yards X $2.50/ yd....

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Accounting

Standard cost/unit to manufacture Z-frames:
Direct material 3 yards X $2.50/ yd. $7.50
Direct labor 5 hours X $7.50/ hr. $37.50
Actual costs incurred to produce 7,800 Z-frame units:
Direct material purchased and used 23,100 yards X $2.70/ yd. $62,370
Direct labor 40,100 hours X $7.30 $292,730
Using this information, compute the Direct Material Price Variance.
Standard cost/unit to manufacture Z-frames:
Direct material 3 yards x$2.50yd.$7.50
Direct labor 5 hours x$7.50? hr. $37.50
Actual costs incurred to produce 7,800 Z-frame units:
Direct material purchased and used 23,100 yards x$2.70yd.,$62,370
Direct labor 40,100 hours x$7.30
$292,730
Using this information, compute the Direct Material Price Variance.
$5200 favorable
$4620 unfavorable
$4620 favorable
$5200 unfavorableQuestion 7 options:
$5200 favorable
$4620 unfavorable
$4620 favorable
$5200 unfavorable
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