Question - A company developed the following per-unit standards for its product: 6 pounds of direct materials at $9 per pound. Last month, 23,000 pounds of direct materials were purchased for $194,350, and 21,000 pounds were used in production.
What is the direct materials price variance?
- $11,550 unfavorable
- $12,650 favorable
- $11550 favorable
- $12,650 unfavorable