Answer the following four questions. Haliburton Mi...
Answer the following four questions. Haliburton Mills, Inc. is a large producer of men’s and women’s clothing. The company uses standard costs for all of its products. The standard costs and actual costs for a recent period are given below (Exhibit 1) for one of the company’s product lines (per unit of product): During this period, the company produced 4,800 units of product. A comparison of standard and actual costs for the period on a total cost basis is given below (Exhibit 2). There was no inventory of materials on hand to start the period. During the period, 21,120 metres of material were purchased and used in production. The denominator level of activity for the period was 6,860 hours. Exhibit 1Exhibit 2What is the direct material price variance for the period?
A、$5,280 F
B、$5,280 U
C、$6,912 F
D、$6,912 U