Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The standard costs and actual costs for direct materials for the manufacture of 2,570 actual units of product are as follows: Standard Costs Direct materials

The standard costs and actual costs for direct materials for the manufacture of 2,570 actual units of product are as follows:

Standard Costs
Direct materials 2,570 kilograms @$8.50
Actual Costs
Direct materials 2,700 kilograms @ $8.20

The direct materials quantity variance is

a. $884 favorable

b. $1,105 favorable

c. $1,105 unfavorable

d. $884 unfavorable

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting Reporting And Analysis

Authors: Jennifer Maynard

2nd Edition

0198745311, 9780198745310

More Books

Students also viewed these Accounting questions

Question

How does an applicant apply?

Answered: 1 week ago

Question

=+Does it present new cocktails or review restaurants?

Answered: 1 week ago

Question

=+Is the message on-strategy?

Answered: 1 week ago