Hushovd Iron Works has collected the following data for its Thunderbolt line of products:Direct materials standard 10 pounds per unit Direct materials standard cost $0.75 per pound Actual material purchased cost $0.85 per pound Actual direct materials purchased 40,000 pounds Actual quantity of direct materials used 35,000 pounds Actual finished goods produced 4,500 unitsWhat is the direct material price variance? A) $4,000 favorableB) $4,000 unfavorableC) $3,500 favorableD) $3,500 unfavorable
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Home » Business » Hushovd Iron Works has collected the following data for its Thunderbolt line of products:Direct materials standard 10 pounds per unit Direct materials standard cost $0.75 per pound Actual material purchased cost $0.