Answered step by step
Verified Expert Solution
Link Copied!

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

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

Entrepreneurship

Authors: Andrew Zacharakis, William D Bygrave

5th Edition

1119563097, 9781119563099

Students also viewed these Accounting questions