Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Yama Industiers has collected the following data for its Thunderbolt line of products: Direct materials standard: 10 pounds per unit Direct materials standard cost: $0.75

Yama Industiers has collected the following data for its Thunderbolt line of products:

Direct materials standard: 10 pounds per unit

Direct materials standard cost: $0.75 per pound

Actual Direct Materials Used: 40,000 pounds

Actual finished goods produced: 4,500 units

What is the direct materials quantity variance?

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

Managerial Accounting An Integrative Approach

Authors: C J Mcnair Connoly, Kenneth Merchant

2nd Edition

099950049X, 978-0999500491

More Books

Students also viewed these Accounting questions

Question

How do certain genetic conditions affect motor control?

Answered: 1 week ago

Question

1. Why do we trust one type of information more than another?

Answered: 1 week ago