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The following data relate to product no. 89 of Mansion Corporation: Direct material standard: 5 square feet at $2.90 per square foot Direct material purchased:
The following data relate to product no. 89 of Mansion Corporation: Direct material standard: 5 square feet at $2.90 per square foot Direct material purchased: 31,000 square feet at $3.20 per square foot Direct material consumed: 30,500 square feet Manufacturing activity: 6,000 units completed Assume that the company computes variances at the earliest point in time. The direct-material quantity variance is:
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