Gipple Corporation makes a product that uses a material with the quantity standard of 7.4 grams per unit of output and the price standard of $6.10 per gram. In January the company produced 3,500 units using 24,970 grams of the direct material. During the month the company purchased 27,500 grams of the direct material at $6.30 per gram. The direct materials purchases variance is computed when the materials are purchased. The materials price variance for January is:
+4
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Home » Business » Gipple Corporation makes a product that uses a material with the quantity standard of 7.4 grams per unit of output and the price standard of $6.10 per gram. In January the company produced 3,500 units using 24,970 grams of the direct material.