Question
The standard costs and actual costs for direct materials for the manufacture of 2,320 actual units of product are Standard Costs Direct materials 2,320 kilograms
The standard costs and actual costs for direct materials for the manufacture of 2,320 actual units of product are
| Standard Costs | |
| Direct materials | 2,320 kilograms @$8.80 |
| Actual Costs | |
| Direct materials | 2,400 kilograms @ $8.10 |
The amount of the direct materials quantity variance is
a.$704 favorable
b.$704 unfavorable
c.$563 unfavorable
d.$563 favorable
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Auditing A Practical Approach
Authors: Fiona Campbell, Robyn Moroney, Jane Hamilton, Valerie Warren
2nd Canadian edition
9781118377901, 1118377907, 1119048095, 978-1118849415
