Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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?

  • $80,400 unfavorable.

  • $80,400 favorable.

  • $92,400 unfavorable.

  • $92,400 favorable.

  • $12,000 favorable.

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

Cost Accounting

Authors: Les Heitger, Pekin Ogan, Serge Matulich

2nd Edition

053881764X, 978-0538817646

More Books

Students also viewed these Accounting questions

Question

Are assessments of candidate attractiveness relevant? Discuss.

Answered: 1 week ago