Question 15 1 points Save Answer Pippin Inc. has provided the folowing data conc

Question

Question 15 1 points Save Answer Pippin Inc. has provided the folowing data conceming one of the products in its standard cost system Variable manufacturing overhead is applied to products on the bass Standard Quantity or Bours per Unit of Output birect naterials Direot labor Var lable manutacturing overhead 21.30 per hour The company has reported the following actual resuits for the product for June 100 grame Raw naterials parehased otual price of raw materials -70 er gran 21-70 per hour per hour var lable ·overhead rate The raw materiais price variance for the month is closest to 29,743 F 29,743 U 33,670 F

Explanation / Answer

Raw materials price variance = 48100*(7.7-7)= 33670 U Option 1 is correct

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