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Information concerning Johnston Co.'s direct materials costs is as follows: Standard price per pound $ 6.45 Actual quantity of direct materials used in production 2,750
Information concerning Johnston Co.'s direct materials costs is as follows:
Standard price per pound | $ | 6.45 |
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|
Actual quantity of direct materials used in production |
| 2,750 | pounds |
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Units of product manufactured |
| 700 |
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Budget data for the period: |
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|
|
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Standard quantity of direct materials per unit of product |
| 4 | pounds |
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The direct materials usage variance for the period is:
$307.50 unfavorable. | ||
$322.50 unfavorable. | ||
$307.50 favorable. | ||
$322.50 favorable. |
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