Question
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?
Explain clearly for practice
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Managerial Accounting An Integrative Approach
Authors: C J Mcnair Connoly, Kenneth Merchant
2nd Edition
099950049X, 978-0999500491
