The following materials standards have been established for a particular product: Standard quantity per unit of output 4.4poundsStandard price$13.20per pound?The following data pertain to operations concerning the product for the last month: Actual materials purchased 4,800poundsActual cost of materials purchased$62,880 Actual materials used in production 4,300poundsActual output 700units?The direct materials purchases variance is computed when the materials are purchased.?What is the materials price variance for the month?
A. $430 U
B. $480 F
C. $480 U
D. $430 F
Answer: B
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