Woodsidc Company manufactures tables with vinyl tops. The standard material cost

Question

Woodsidc Company manufactures tables with vinyl tops. The standard material cost for the used per Style-R table is $7.20 based on 8 square feet of vinyl at a cost of $.90 per square foot. production run of 1.000 tables in January resulted in usage of 8,300 square feet of vmyl ax a cost of $.80 per square foot, a total cost of $7,055. If the materials price variance was recorded when the was issued to production, that variance was: $290 favorable. $830 unfavorable. $290 unfavorable. $830 favorable.

Explanation / Answer

Direct material price variance = [ Standard price - Actual price ] * Actual quantity

= [ 0.90 - 0.80 ] * 8300

= 830 favourable.

Related Questions

Navigate

• Browse (All)
• Browse W
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.