Mathematics · Variance Analysis
PlasBas Co initially established a standard price of $0.50 per kg for its raw material. Due to new government incentives, the expected standard price was updated to $0.40 per kg. During the period, the company purchased and used 20,000 kg of the material at an actual price of $0.42 per kg. Calculate the Materials Operational Price Variance.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1$2,000 Favorable
- 2$2,000 Adverse
- 3$400 Favorable
- 4$400 Adverse✓
Correct answer
$400 Adverse
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