Select the correct statement from the following, assuming camacho company had a favorable direct materials price variance of $2,300 and an unfavorable direct materials usage variance of $1,600. multiple choice the total direct materials variance is $3,900 unfavorable. the total direct materials variance is $700 favorable. the total direct materials variance is $3,900 favorable. the total direct materials variance is $700 unfavorable.

The total direct materials variance is $700 favorable.

Explanation:

Total Direct Material Variance = Material Quantity Variance + Material Price Variance

Material Quantity Variance = $1,600 Unfavorable that means it is negative value

Material Price Variance = $2,300 Favorable that means it has positive value

Now joining both we get total material variance = - $1,600 + 2,300

= $700

Since value is positive it is favorable

Therefore, Total Material Variance = $700 Favorable

c

explanation:

c because the item on a bank statement is also referred to as an account statement. in addition, it provides the beginning balance, ending balance, statement date, transaction date for each transaction, payee, customer name and address, statement period, the account holder's account number, and the bank's customer service number

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