Calculating direct materials quantity variance, Accounting Basics

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Calculating direct materials quantity variance

Q1) A dress company has following standards to make one dress:

	Standard Quantity	Standard Price
Direct materials	3 yards per unit	$6.50 per yard
Direct labor	1.5 hours per unit	$8.00 per hour

Company used 8,000 yards of material to make 2,500 dresses in April. Direct materials quantity variance is?

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Accounting Basics: Calculating direct materials quantity variance

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Accounting Basics: Calculating direct materials quantity variance

Reference No:- TGS021452

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Recent Questions Asked Accounting Basics

Q : Computing amount to borrow by a company

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Calculating direct materials quantity variance

Reference No:- TGS021452

Recent Questions Asked Accounting Basics

Q : Computing amount to borrow by a company

Q : Determine amount of yearly payment

Q : Computing budgeted purchases of raw materials

Q : Determining probability values of uniform distribution

Q : Calculating direct materials quantity variance

Q : Standard deviation-uniform distribution

Q : Direct materials price variance for yards of material

Q : Objective questions based on transactions

Q : Computing actual labor rate per hour

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