Question
Oliver Enterprises has collected the following data for one of its products: Direct materials standard (8 pounds per unit @ $0.43/lb.) $3.44 per finished good
Oliver Enterprises has collected the following data for one of its products:
| Direct materials standard (8 pounds per unit @$0.43/lb.) | $3.44 per finished good |
| Direct materials flexible budget varianceunfavorable | $15,000 |
| Actual Direct Materials Used (AQU) | 35,000 pounds |
| Actual finished goods produced | 23,000 units |
How much is the direct materials quantity variance?
A. $79,120 unfavorable
B. $64,070 favorable
C. $15,050 unfavorable
D. $79,120 favorable
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Accounting
Authors: Charles T. Horngren, Walter T. Harrison Jr., Jo Ann L. Johnston, Carol A. Meissner, Peter R. Norwood
9th Canadian Edition volume 2
013269008X, 978-0133122855, 133122859, 978-0132690089
