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2) Pizza Hut has the following data. -- Direct materials price standard is $3.25 per pound. -- Direct materials quantity standard is six pounds per
2) Pizza Hut has the following data.
-- Direct materials price standard is $3.25 per pound. -- Direct materials quantity standard is six pounds per finished unit. -- Budgeted production is 25,000 finished units. -- 175,000 pounds of direct materials were purchased for $525,000. -- 175,000 pounds of direct materials were used in production. -- 25,600 finished units of product were produced.
What is the quantity variance for direct materials? Show all of your work
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