Hello, I need help with the below question: You have been given


Question Description:

24.99

Hello, I need help with the below question: You have been given the following information in respect to materials and labor: Standard unit price of materials £9.00 Actual unit price of materials £8.68 Standard quantity of material for actual production (units) 3,300 Actual quantity of materials purchased and used (units) 3,600 Standard direct labour rate £28.00 Actual direct labour rate £24.40 Standard direct labour hours 24,000 Direct labour usage variance £28,280 U = unfavourable or adverse a) Calculate the material purchase price variance, which is (actual price – standard price) × actual quantity of materials used

Answer

24.99