Question

The Harwood Company makes Harwood tables for which the following standards have been developed: Standard Inputs Standard Price Expected for Each Expected per Unit of Output Unit of Output Direct materials 10 pounds $4 per pound Direct labor 3 hours $16 per hour Company planned to produce 200 tables in the month. The actual production was 220 tables. Direct materials purchased and used were 2,100 pounds at an actual price of $4.40 per pound. The company incurred actual direct labor costs of $10,620 for total 590 hours. What is the direct

Answer 1

Answer:

840 U

Explanation:

Missing word "What is the direct material price variance for March?"

Direct Material Price variance = (Standard Price - Actual Price) * Actual quantity purchase

Direct Material Price variance = ($4 - $4.4) * 2100

Direct Material Price variance = ($0.4 * 2100) U

Direct Material Price variance = 840 U