The Following Materials Standards Have Been Established For A Particular Product

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The Following Materials Standards Have Been Established For A Particular Product

: Standard quantity per unit of output 8.3 grams Standard price $19.15 per gram The following data pertain to operations concerning the product for the last month: Actual materials purchased 7,500 grams Actual cost of materials purchased $141,375 Actual materials used in production 7,100 grams Actual output 700 units What was the materials price variance for the month? A) $2,250 favourable. B) $7,540 unfavourable. C) $7,660 unfavourable. D) $24,317 unfavourable
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