Question
BTS Company made 6,000 bookshelves using 88,000 board feet of wood costing $607,200. The company's direct materials standards for one bookshelf are 16 board feet
BTS Company made 6,000 bookshelves using 88,000 board feet of wood costing $607,200. The company's direct materials standards for one bookshelf are 16 board feet of wood at $7 per board foot.
(1)Compute the direct materials variances incurred in manufacturing these bookshelves.(Do not round your intermediate calculations. Input all amounts as a positive value. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).Leave no cells blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.)
Price variance$(Click to select)
None
U
F
Quantity variance$(Click to select)
None
F
U
Total materials variance$(Click to select)
U
F
None
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