A company provided the following direct materials cost information. Compute the total direct materials variance. Standard costs assigned: Direct materials standard cost (414,000 units @
A company provided the following direct materials cost information. Compute the total direct materials variance. Standard costs assigned: Direct materials standard cost (414,000 units @ $5.00/unit) $ 2,070,000 Actual costs: Direct materials costs incurred (412,750 units @ $5.20/unit) $ 2,146,300 Multiple Choice $76,300 Unfavorable. $82,550 Favorable. $6,250 Favorable. $82,550 Unfavorable. $76,300 Favorable.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
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
Authors: Eddie McLaney, Peter Atrill
2nd Edition
0273655507, 978-0273655503
