Multiple Choice
The per-unit standards for direct materials are 2 pounds at $5 per pound. Last month 11200 pounds of direct materials that actually cost $53000 were used to produce 6000 units of product. The direct materials quantity variance for last month was
A) $4000 favorable.
B) $3000 favorable.
C) $4000 unfavorable.
D) $7000 unfavorable.
Correct Answer:
Verified
Correct Answer:
Verified
Q210: The difference between a budget and a
Q211: The formula for the labor price variance
Q212: The difference between the actual labor rate
Q213: Hofburg's standard quantities for 1 unit of
Q214: Oxnard Industries produces a product that requires
Q216: In Zero Company's income statement they
Q217: A variance is the difference between actual
Q218: A direct labor price standard is frequently
Q219: In using variance reports top management normally
Q220: Prescott Manufacturing manufactures widgets for distribution. The