Answer:
-$4630
Explanation:
Given: Actual cost= $5 per pound
Actual quantity= 4630.
Standard cost= $6 per pound
Standard quantity= 4420.
Now, computing the direct material price variance.
Direct material price variance= [tex](Actual\ price- standard\ price)\times Actual\ quantity[/tex]
⇒ Direct material price variance= [tex](5-6)\times 4630= -\$ 4630[/tex]
∴ -$4630 is direct material price variance. As it is giving negative value which is unfavourable material price variance.
