Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Cox Company's direct material costs for the month of January were as follows: Actual Unit purchase price.... $3.60 per kilogram Direct Material price variance favorable..
Cox Company's direct material costs for the month of January were as follows:
Actual Unit purchase price.... $3.60 per kilogram
Direct Material price variance favorable.. $3,600
Standard quantity allowed for actual production... 16,000 kilograms
Actual quantity used.... 18,000 kilograms
What are the direct materials quantity variance for January?
I got $6800 but I am still confused how to get Unfavorable or Favorable
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