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Answer :
The amount of material used in the current period of Cavern Company is 1,220 pounds. option 3: 1,220 is the correct answer.
The amount of material used in the current period of Cavern Company that results in an unfavorable direct material price variance can be calculated using the given information.
The formula to calculate the direct material price variance is DM price variance = (Actual Quantity x Actual Price) - (Actual Quantity x Standard Price)Where Actual Quantity = The actual amount of material used during the period.
Actual Price = The actual price per unit of material used during the period. Standard Price = The standard price per unit of material used during the period.
Given, Actual price per pound = $60 Standard price per pound = $55DM price variance = $6,100Substituting the values in the formula, we get: DM price variance = (Actual Quantity x Actual Price) - (Actual Quantity x Standard Price)$6,100 = Actual Quantity x ($60 - $55)$6,100 = Actual Quantity x $5Actual Quantity = $6,100/$5 Actual Quantity = 1,220 pounds
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