A company developed the following per unit materials standards for its product: 3 gallons of direct...
A company developed the following per unit materials standards for its product: 3 gallons of direct materials at $5 per gallon. If 2,000 units of product were produced last month and 5,750 gallons of direct materials were used, the direct materials quantity variance was:
| a. |
$750 favorable |
|
| b. |
$1,250 favorable |
|
| c. |
$7,500 favorable |
|
| d. |
$11,250 favorable. |
Homework Answers
| Materials quantity variance | ||||
| (AQ -SQ)*AQ used | ||||
| (5,750 - 2000*3)*5 | ||||
| 1250 | F | |||
| answer) | ||||
| option b | ||||
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A company developed the following per unit materials standards
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per gallon. Last month, 12200 gallons of direct materials that
actually cost $45140 were used to produce 7000 units of product.
The direct materials quantity variance for last month was
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A company developed the following per-unit standards for its
product: 5 kilograms of direct materials at $3.20 per kilogram.
Last month, 1000 kilograms of direct materials were purchased for
$2880. Also last month, 650 kilograms of direct materials were used
to produce 133 units. What was the direct materials price variance
for last month?
$13760 favourable
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A company developed the following per-unit standards for its product: 5 kilograms of direct materials at $3.20 per kilogram. Last month, 1000 kilograms of direct materials were purchased for $2820. Also last month, 700 kilograms of direct materials were used to produce 139 units. What O $13820 favourable $380 favourable O $13820 unfavourable O $380 unfavourable
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