Direct materials cost standard is $1.75 per pound of paraffin Direct materials efficiency standard is one pound of paraffin per batch of crayons Actual amount of paraffin purchased and used is 50,000 pounds Actual cost of paraffin purchased and used is 92,500 Actual batch produced is 52,000

Is the cost variance favorable or unfavorable?

Question 25 options:

Unfavorable

Favorable

Direct materials cost standard is $1.75 per pound of paraffin

Direct materials efficiency standard is one pound of paraffin per batch of crayons

Actual amount of paraffin purchased and used is 50,000 pounds

Actual cost of paraffin purchased and used is 92,500

Actual batch produced is 52,000Is the direct material efficiency variance favorable or unfavorable?

Question 26 options:

	Favorable
	Unfavorable