The standard direct material cost to produce one widget is four meters of widget line (material) at $3.00 per meter.
The standard direct material cost to produce one widget is four meters of widget line (material) at $3.00 per
meter. Durig May 2016, 6,000 meters of line (material) costing $17,500 were purchased and used to produce 1,500 units of widgets. What was the material price variance for May 2016?
| a. $200 Favorable |
| b. $500 Unfavorable |
| c. $800 Unfavorable |
| d. $500 Favorable |
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