Essay
Ayers Company reports the following standards for direct materials for the year: 
During the year,460,000 finished goods were produced.The direct materials price variance was $14,200 unfavorable.The direct materials flexible budget variance was $980 favorable.
Calculate the following items regarding direct materials for Ayers Company for the year:
a.Direct materials quantity variance
b.Standard quantity of direct materials for actual production
c.Actual pounds of Actual Quantity Direct Materials Used (AQU)for actual production
Correct Answer:
Verified
Correct Answer:
Verified
Q18: The _ tells managers how much of
Q25: McNabb Corporation makes shoe polish. The standard
Q73: The direct materials price variance tells managers
Q118: Luka Company uses the following overhead standard
Q122: The Perry Corporation recorded the following budgeted
Q124: Miller Manufacturing Corporation has the following information
Q125: Akron Clay Company manufactures flowerpots.The following data
Q128: Tommy's Toys produces two types of toys:
Q146: An unfavorable direct labor rate variance indicates
Q236: A direct materials flexible budget variance can