The following data relate to direct materials costs for November: Actual costs 4,700 pounds at $5.35...
The following data relate to direct materials costs for November:
| Actual costs | 4,700 pounds at $5.35 |
| Standard costs | 4,500 pounds at $6.20 |
What is the total direct materials variance?
|
$7,595 favorable |
||
|
$2755 favorable |
||
|
$7,360 favorable |
||
|
$2,755 unfavorable |
Homework Answers
Answer- The total direct materials variance is =$2755 U.
Explanation- Total direct materials variance = Standard costs- Actual costs
= (4700 pounds*$5.35 per pound)- (4500*$6.20 per pound)
= $25145-$27900
= $2755 Unfavorable
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