Joiner Corporation recently purchased 25,000 gallons of direct material at $5.60 per gallon. Usage by the end of the period amounted to 23,000 gallons. If the standard cost is $6.00 per gallon and the company believes in computing variances at the earliest point possible, the direct-material price variance would be calculated as:
A. $800F.
B. $9,200U.
C. $9,200F.
D. $10,000F.
E. $10,000U.
Answer: C
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