Multiple Choice
Use the following to answer questions:
The following standard cost information is available for Leah Co.'s only product: Direct material 9 feet at $5.00 per foot. Actual information for July: 2,000 units were produced; 20,000 feet of direct material were purchased at a cost of $92,000 and 19,000 feet of material were used.
-What is the material quantity variance for July?
A) $ 4,500 favorable
B) $ 4,500 unfavorable
C) $ 5,000 favorable
D) $ 5,000 unfavorable
Correct Answer:

Verified
Correct Answer:
Verified
Q70: The following statements relate to standard costing
Q71: How much direct material was purchased in
Q72: Use the following to answer questions:<br>Cabot Inc.
Q73: Use the following to answer questions:<br>The Alperti
Q74: Use the following to answer questions:<br>Stanton Co.
Q75: The following actual production information was recorded
Q76: Employee behavior may be adversely affected when
Q77: When manufacturing firms adopt advanced manufacturing methods,
Q78: Manufacturing processes using multiple types of direct
Q80: Use the following to answer questions:<br>Stanton Co.