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Information regarding a company producing widgets: Product: 54,000 DM purchased: 220,000 tons DM used: 220,000 tons DM Cost: $1,870,000 - $8.50 per ton DM: 4

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Information regarding a company producing widgets: Product: 54,000 DM purchased: 220,000 tons DM used: 220,000 tons DM Cost: $1,870,000 - $8.50 per ton DM: 4 pounds per finished unit. DM SP: $6.50 per ton What is the quantity variance for DM? Note: DM= Direct Material SP= Standard Price $34,000F. $26,000F. None of the answers is correct. $26,000U. $34,000U

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