Multiple Choice
The Armstrong Corporation developed a flexible budget for its production process. Armstrong budgeted to use 12,000 pounds of direct material with a standard cost of $14 per pound to produce 14,000 units of finished product. Armstrong actually purchased 24,000 pounds and used 15,000 pounds of direct material with a cost of $30 per pound to produce 14,000 units of finished product. Given these results, what is Armstrong's direct material quantity variance?
A) $168,000 favorable
B) $42,000 favorable
C) $168,000 unfavorable
D) $42,000 unfavorable
Correct Answer:
Verified
Correct Answer:
Verified
Q25: McNabb Corporation makes shoe polish. The standard
Q26: Cost of goods sold is shown at
Q27: How is the variable overhead efficiency variance
Q28: The _ department may be responsible to
Q29: Bling Corporation manufactures jeweled cell phone cases.
Q31: Which variance is directly impacted if a
Q32: Which of the following shows the effect
Q33: Identify four advantages of standard costs and
Q34: Squeaky Clean produces commercial strength cleansing supplies.
Q35: Frames Incorporated budgeted one and one half