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In early 2015, Ryan, Inc. had budgeted for the production and sales of 6,000 units at a sales price of $20 per unit. The following
In early 2015, Ryan, Inc. had budgeted for the production and sales of 6,000 units at a sales price of $20 per unit. The following information is available regarding the standard cost for each unit: Direct materials: Direct labor 2 pounds at $3.00 per lb 30 minutes of assembly at $.25 per minute Actual results for 2015 were determined to be as follows: Number of units produced and sold: Sales revenue: Direct materials cost: Direct labor cost: 6,800 units $149,600 ($22 per unit) $43,384 (14,960 lbs purchased and used at $2.90 per lb) $59,024 (210,800 minutes at $.28 per minute) Refer to the Ryan Inc. information above. What was Ryan's direct materials usage variance for 2015? Selected Answer: b.$2,584 F Answers: 03 a, $4,080 F b. $2,584 . $2,584 d. $4,080u
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