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Cox Company's direct material costs for the month of January were as follows; Actual quantity purchased $18,000 kilograms Actual unit purchase price $3.60 per kilogram
Cox Company's direct material costs for the month of January were as follows; Actual quantity purchased $18,000 kilograms Actual unit purchase price $3.60 per kilogram Materials price variance- Unfavourable (based on purchases) $3,600 Standard quantity allowed For actual production Actual quantity used 16,000 kilograms 15,000 kilograms
What was the favourable direct materials quantity variance for January?
$3,360
$3,375
$3,400
$3,800
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