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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

  • $14,750 unfavorable.

  • $15,250 favorable.

  • $30,000 unfavorable.

  • $14,750 favorable.

  • $30,000 favorable

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