UNIT 8 $6,860 ($9,800 X .70) COST OF NEXT 7 UNITS = (8 X $6,860...

103. Correct answer b. SBL’s material price variance is $300 F as shown below.

Price variance = (Actual price – Standard price) x Actual quantity

= ($7.90 - $8.00) x 3,000

= $300 F