emerald produced 5,000 units during the quarter. an examination of the materials record showed that the company cost varianc

Format Tools Table Window Help ee o/L Log in | TigerWebx Homepage d5 Layout Hr E3. , kD ACCT 1020 Fall 2018 Test Three ch 20.. ig efernces Mailings Review View X2 X 19) Emerald Marine Stores Company manufactures special metallic materials and decorative fittings 3) for luxury yachts that require highly skilled labor. Emerald uses standard costs to prepare its flexible budget. For the first quarter of 2015, direct material and direct labor standards for one of their popular products were as follows Direct materials: 1 pound per unit, $12 per pound Direct labor: 4 hours per unit; $15 per hour Emerald produced 5,000 units during the quarter. At the end of the quarter, an examination of the materials records showed that the company used 7000 pounds of materials and actual t material costs were $98,000. What is the direct materials cost variance? A) $38,000 Unfavorable C) $14,000 Favorable B) $14,000 Unfavorabie D) $38,000 Favorable