Summerlin Company budgeted 4,000 pounds of material costing $5.00 per pound to produce 2,000 units. The company actually used 4,500 pounds that cost $5.10 per pound to produce 2,000 units. What is the direct materials price variance?
A. $400 unfavorable.
B. $2,550 unfavorable.
C. $450 unfavorable.
D. $2,950 unfavorable.
E. $2,500 unfavorable.
Answer: C
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