MC Qu 322 Oddo Corporation makes a Oddo Corporenon makes a product wih the toowi

Question

MC Qu 322 Oddo Corporation makes a Oddo Corporenon makes a product wih the toowing sandard cou Standard Quantty Standard Pce Standard Cost Pe $210 30 ounces $700 per ounce 0.7 hours $500 per hour 53 The compeny reported the tolowing sesuts conceming this product in December used in production The company appnes veriable overthesd on he baus of direct lsbor ours The drect matenels purchases vanence is computed wnen the meteals are parchased purchases The matenes price varance for December is O $2.900F O s2520u O $2.900 u O $2520 F Muliple Choice

Explanation / Answer

Materials price variance = 14500*(6.8-7)= 2900 F Option 1 is correct

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