What is wildhorse direct materials price variance, Accounting Basics

What is wildhorse direct materials price variance

Question: Wildhorse Manufacturing Company purchased 16200 switches to make 7100 units. The standard allows for 2 switches per unit. The company actually used 16700 to produce the 7100 units. Wildhorse budgeted $0.80 per switch but had to pay $0.85 per switch. What is Wildhorse's direct materials price variance for the period? $710 unfavorable $555 unfavorable $810 unfavorable $835 unfavorable

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