Table Manufacturing Company produces one style of tables.

Table Manufacturing Company produces one style of tables.

the following data pertain to producing one table

Planned production/month

 units (one table)

50

Piece of woods (M)

19

Estimated M price

$20

Actual production

 Quantity purchased (QP) from M

20

Actual price (AP)

$19

Material price variance?

$19, Favorable

$19, Unfavorable

$20, Favorable

$20, Unfavorable