Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Clear Lake LLC has the following standard costs for its sole product. Direct Materials ( 2 pounds at $4.50 per pound) =$9.00 per unit Direct

image text in transcribed

Clear Lake LLC has the following standard costs for its sole product. Direct Materials ( 2 pounds at $4.50 per pound) =$9.00 per unit Direct Labor ( 0.6 hours at $12.00 per hour) =$7.20 per unit During July, Clear Lake LLC produced 2,000 units, bought and used 4,200 pounds of direct material at $4.80 per pound, and used 1,100 hours of labor at a total cost of $14,025. Based on this information, what is the direct materials quantity variance? $1,200 unfavorable (\$900) favorable ($1,200) favorable $900 unfavorable

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International Accounting

Authors: Frederick D. S. Choi, Gary K. Meek

7th Edition

0136111475, 9780136111474

More Books

Students also viewed these Accounting questions

Question

8.1 Differentiate between onboarding and training.

Answered: 1 week ago

Question

8.3 Describe special considerations for onboarding.

Answered: 1 week ago