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? https://www.mathxl.com/Student/PlayerTest.aspx testIdz 183765108&certen; nayes Principles of Managerial Accounting Web Summer 2018 Test: Exam 4/Final Exam This Question: 1 pt justin Gladden &1 7/27/18 11:04 AM Time Remaining: 01:1853 Submit Test This Test: 35 pts possib 25 of 35 (11 complete) Oliver Enterpises has collected the following data for one of its products: Direct materials standard (3 pounds per unit @ SO.42nb.) Actual direct materials purchased Actual Direct Materials Used (AQU) Actual Price (AP) paid per pound $1.26 per finished good 530,000 pounds 29,000 pounds S0.62 ad How much is the direct materials price variance? O A. $6,000 unfavorable OB. s5,800 unfavorable h C S6,000 favorable OD. $5,800 favorable or ble. ble

Explanation / Answer

Answer:A.$6000 Unfavourable

Price Variance = Actual Units ( Actual price per pound - Std price per pound)

Price Variance = 30000 ( 0.62 - 0.42) = 6000 Unfavourable

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