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The following data relates to Lak Ltd. The standard cost sheet is as follows: Direct material 2kg $2.50/kg $5.00 Direct labour 5hours $20/hour $100 The
The following data relates to Lak Ltd. The standard cost sheet is as follows:
Direct material | 2kg | $2.50/kg | $5.00 |
Direct labour | 5hours | $20/hour | $100 |
The Actual data is as follows: 10,642 units were produced
Direct material purchased | 25,000kg | $2/kg | $50,000 |
Direct material used | 22,000kgs |
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What is the direct material quantity variance?
****Enter a negative number if you have a Favourable variance and a positive number if you have an Unfavourable variance.****
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