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Exeter has a material standard of 1 pound per unit of output. Each pound has a standard price of $25 per pound. During July, Exeter
Exeter has a material standard of 1 pound per unit of output. Each pound has a standard price of $25 per pound. During July, Exeter paid $133,000 for 4,960 pounds, which they used to produce 4,780 units. What is the direct materials quantity variance?
$7,100 unfavorable
$9,000 unfavorable
$4,500 unfavorable
$8,100 favorable
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