The Lucy Corporation Purchased and Used 129,000 Board Feet of Lumber

Multiple Choice

The Lucy Corporation purchased and used 129,000 board feet of lumber in production, at a total cost of $1,548,000. Original production had been budgeted for 22,000 units with a standard material quantity of 5.7 board feet per unit and a standard price of $12 per board foot. Actual production was 23,500 units.
The materials quantity variance is

A) 63,000 favorable
B) 63,000 unfavorable
C) 59,400 favorable
D) 59,400 unfavorable