Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Poles Inc. gathered the following actual results for the current month: Actual amounts: Units produced Direct materials purchased and used (7,600 lbs.) Budgeted production

Poles Inc. gathered the following actual results for the current month: Actual amounts: Units produced Direct materials purchased and used (7,600 lbs.) Budgeted production and standard costs were: Budgeted production Direct materials What is the direct materials quantity variance? A. $22,800 unfavorable B. $22,800 favorable C. $76,650 unfavorable OD. $76,650 favorable 5,300 $76,000 4,700 units 3.5 lbs/unit at $7/lb.

Step by Step Solution

3.39 Rating (155 Votes )

There are 3 Steps involved in it

Step: 1

Direct mayerial quantity variance Standard priceAct... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Horngrens Financial and Managerial Accounting

Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura

4th Edition

978-0133251241, 9780133427516, 133251241, 013342751X, 978-0133255584

More Books

Students also viewed these Accounting questions

Question

Explain the importance of intersectionality in sampling.

Answered: 1 week ago