Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A company had a $56,000 unfavorable direct material quantity variance during a time period when the standard price per pound of direct material was $7
A company had a $56,000 unfavorable direct material quantity variance during a time period when the standard price per pound of direct material was $7 and the actual price per pound of direct material was $7.50. If the standard quantity of direct material allowed for production was 52,000 pounds, how many pounds of direct material were actually used during this period?
a) | 60,000 pounds |
b) | 44,000 pounds |
c) | 56,000 pounds |
d) | 364,000 pounds |
e) | 420,000 pounds |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started