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Fletcher Company collected the following data regarding production of one of its products. Compute the direct...

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/lb.) $12 per finished unit Actual direct materials used 206,700 lbs. Actual finished units produced 34,000 units Actual cost of direct materials used $411,030

$2,370 unfavorable.

$3,030 unfavorable.

$2,370 favorable.

$5,400 unfavorable

$3030 favorable

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Answer #1

Materials Quantity Variance

= (SQ-AQ) *SP

= (6*34,000 - 206,700)*2

= 5,400 UNFAVORABLE

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