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The Devon Corporation manufactures toy cars. In order to better manage costs, the Devon Corporation had previously developed the following standards for the manufacture of
The Devon Corporation manufactures toy cars. In order to better manage costs, the Devon Corporation had previously developed the following standards for the manufacture of its product: - Each unit should have 3/4 of a pound of direct materials purchased at \\( \\$ 10 \\) per pound. - Each unit should be produced in 45 minutes at a direct labor cost of \\( \\$ 12 \\) per hour. The company had the following detailed retails: Actual production was 20,000 units using 14,000 pounds of direct materials at a total cost of \\( \\$ 170,000 \\) and required 11,000 direct labor hours at a total cost of \\( \\$ 160,000 \\). What is the company's quantity variance related to direct materials? Use a positive number to indicate a favorable variance or a negative number to indicate an unfavorable variance
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