Question
The standard costs and actual costs for direct materials for the manufacture of 500 actual units of product are as follows: Standard Costs: Direct materials
The standard costs and actual costs for direct materials for the manufacture of 500 actual units of product are as follows:
Standard Costs: Direct materials 500 pounds @ $17.00 Actual Costs: Direct materials 515 pounds @ $17.75
a) What is the direct materials quantity variance $ ?
b) Is the quantity variance "favorable" or "unfavorable"?
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Financial Accounting
Authors: Tony Davies, Ian Crawford
1st Edition
0273723073, 9780273723073
