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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 | $14,750 | |
Actual direct materials used | 120,000 | lbs. |
Actual finished units produced | 30,000 | units |
Multiple Choice
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$14,750 unfavorable.
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$15,250 favorable.
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$30,000 unfavorable.
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$14,750 favorable.
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$30,000 favorable
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