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Five Rings, Inc, has collected the following data on one of its products: Direct materials standard (3 lbs.@ $ .75/b.) $2.25 per finished unit Total
| Five Rings, Inc, has collected the following data on one of its products: |
| Direct materials standard (3 lbs.@ $ .75/b.) | $2.25 per finished unit |
| Total direct materials cost variance unfavorable | $11,200 |
| Actual direct materials used | 165,000 lbs |
| Actual finished units produced | 33,000 units |
| The actual cost of the direct materials used is: |
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The ASQ Auditing Handbook
Authors: J. P. Russell
3rd Edition
0873896661, 978-0873896665
