Luma Inc. has provided the following data concerning one of the products in its standard cost system.InputsStandard Quantity or Hours per Unit of OutputStandard Price or RateDirect materials4.8 ounces$6.90 per ounce?The company has reported the following actual results for the product for September: Actual output 2,100unitsRaw materials purchased 10,500ouncesActual price of raw materials$7.80per ounceActual cost of raw materials purchased$81,900 Raw materials used in production 10,090ouncesThe raw materials price variance for the month is closest to:
A. $9,450 F
B. $9,450 U
C. $9,081 U
D. $9,081 F
Answer: B
Business
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