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The standard materials cost to produce 1 unit of Product R is 6 pounds of material at a standard price of $50 per pound. In
The standard materials cost to produce 1 unit of Product R is 6 pounds of material at a standard price of $50 per pound. In manufacturing 8,000 units, 47,000 pounds of material were used at a cost of $51 per pound. What is the direct materials quantity variance? Multiple Choice $47,000 unfevorable $47000 favorable $50,000 unfavcracle Multiple Choice $47,000 unfavorable. $47,000 favorable. $50,000 unfavorable $50,000 favorable. Prex 1 of 20 Next Fletcher Company collected the following data regarding production of one of its products. Compute the direct materials quantity variance Direct materials standard (6 lbs.@ $2/1b.) $ 12 per finished unit 243,000 lbs. 40,000 units $483,570 Actual direct materials used Actual finished units produced Actual cost of direct materials used Save & Exit Help Submit $2,430 unfevorable $3,570 unfavorable $2,430 favorable $6,000 unfevorable $3,570 favorable Orew A company's flexible budget for the range of 35,000 units to 45,000 units of production showed variable overhead costs of $2 per unit and fixed overhead costs of $72.000 The company incurred total overhead costs of $148,800 while operating at a volume of 40,000 units. The total controllable cost variance is Save&Exit Submit $6,800 favorable $6,800 unfavorable $3,200 favorable $3.200 unfovoreble $10,000 favorable
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