Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Fletcher Company collected the following data regarding production of one of its products. Compute the direct materials quantity variance. Direct materials standard (6 lbs. @

Fletcher Company collected the following data regarding production of one of its products. Compute the direct materials quantity variance.

Direct materials standard (6 lbs. @ $2/lb.) $12per finished unit

Actual direct materials used230,900lbs.

Actual finished units produced38,000units

Actual cost of direct materials used $459,390

  • $5,800 unfavorable.
  • $3,390 favorable.
  • $2,410 unfavorable.
  • $2,410 favorable.
  • $3,390 unfavorable.

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

Financial Accounting

Authors: Robert Kemp, Jeffrey Waybright

3rd Edition

133427889, 978-0133427882

More Books

Students also viewed these Accounting questions