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Georgia, Inc. has collected the following data on one of its products. The direct materials quantity variance is: Direct materials standard (3 lbs @ $1/lb)
Georgia, Inc. has collected the following data on one of its products. The direct materials quantity variance is:
Direct materials standard (3 lbs @ $1/lb) | $3 | per finished unit |
Total direct materials cost varianceunfavorable | $14,250 | |
Actual direct materials used | 100,000 | lbs. |
Actual finished units produced | 25,000 | units |
2.
The standard materials cost to produce 1 unit of Product R is 8 pounds of material at a standard price of $42 per pound. In manufacturing 5,300 units, 40,200 pounds of material were used at a cost of $44 per pound. What is the direct materials quantity variance?
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$80,400 unfavorable.
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$80,400 favorable.
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$92,400 unfavorable.
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$92,400 favorable.
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$12,000 favorable.
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