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16. Piccard, Inc. has collected the following data on one of its products. The direct materials quantity variance is: Direct materials standard (4 lbs. @
16. Piccard, Inc. has collected the following data on one of its products. The direct materials quantity variance is:
Direct materials standard (4 lbs. @ $1/lb.) | $ | 4 | per finished unit |
Total direct materials cost varianceunfavorable | $ | 13,750 | |
Actual direct materials used | 150,000 | lbs. | |
Actual finished units produced | 30,000 | units | |
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