Use the information below to answer the followingquestion(s).
Tractor Corporation produces toy tractors. The company uses the following direct costcategories:
|Category||Standard Inputs for 1 output||Std. Cost per input|
Actual performance and budgeted performance for the company is shownbelow:
Actualoutput: (inunits) 5,000
|Input purchased and used||23,000|
|Actual price per input||$13.00|
|Labourminus?hours of input||9,500|
|Actual price per hour||$10.00|
|Labourminus?hours of input||5,000|
|Actual price per hour||$8.00|
What is the price variance of the direct materials?
A. $10,000 unfavourable
B. $11,500 unfavourable
C. $11,000 favourable
D. $11,500 favourable
E. $10,000 favourable
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