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QUESTION 3 Baskets Inc. gathered the following actual results for the current month: Actual amounts: Units produced Direct materials purchased and used (7600 lbs.)

QUESTION 3 Baskets Inc. gathered the following actual results for the current month: Actual amounts: Units produced Direct materials purchased and used (7600 lbs.) Budgeted production and standard costs were: Budgeted production Direct materials What is the direct materials quantity variance? $12,000 unfavorable $38,000 unfavorable $12,000 favorable $38,000 favorable 5800 $60,800 4700 units 2.0 lbs/unit at $3/lb.

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