The following data relate to product no. 89 of des moines corporation:
direct material standard: 3 square feet at $2.50 per square foot
direct material purchased: 30,000 square feet at $2.60 per square foot
direct material consumed: 29,200 square feet
manufacturing activity: 9,600 units completed
assume that the company computes variances at the earliest point in time.
the direct-material purchase price variance is:_________.
i. $2,880u.
ii. $2,920f.
iii. $2,920u.
iv. $3,000f.
v. $3,000u.