Question 11 A company uses the following standard costs to produce a single unit of output. Direct materials Direct labor 6 pounds at $0.60 per pound = $ 3.60 0.50 hour at $10.00 per hour = $ 5.00 Manufacturing overhead 0.50 hour at $4.30 per hour $2.15 During the latest month, the company purchased and used 57,000 pounds of direct materials at a price of $0.80 per pound produce 10,000 units of output. Direct labor costs for the month totaled $45,790 based on 4,820 direct labor hours worked Variable manufacturing overhead costs incurred totaled $17,500 and fixed manufacturing overhead incurred was $10,000. Based on this information, the direct materials quantity variance for the month was: O $1,800 favorable O $11,400 unfavorable O $11,400 favorable O $1,800 unfavorable $2,000 favorable

A company uses the following standard costs to produce a single unit of output. Direct materials 6 pounds at $0.60 per pound =$3.60 Direct labor 0.50 hour at $10.00 per hour =$5.00 Manufacturing overhead 0.50 hour at $4.30 per hour =$2.15 During the latest month, the company purchased and used 57.000 pounds of direct materials at a price of $0.80 per pound produce 10,000 units of output. Direct labor costs for the month totaled $45,790 based on 4,820 direct labor hours worke Variable manufacturing overhead costs incurred totaled $17,500 and fixed manufacturing overhead incurred was $10,000 Based on this information, the direct materials quantity variance for the month was: $1.800 favorable $11,400 unfavorable $11,400 favorable $1,800 unfavorable $2,000 favorable