Solved: Direct materials standard 6 pounds per unit 055lb 330 per, Accounting Basics

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Direct materials standard 6 pounds per unit 055lb 330 per

Question - Jackson Industries has collected the following data for one of its products:

Direct materials standard (6 pounds per unit @ $0.55/lb.) $3.30 per finished good

Direct materials flexible budget varianceminus -unfavorable $12,000

Actual Direct Materials Used (AQU) 35,000 pounds

Actual finished goods produced 26,000 units

How much is the direct materials quantity variance?

A. $78,550 unfavorable

B. $78,550 favorable

C. $27,940 unfavorable

D. $66,550 favorable

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Accounting Basics: Direct materials standard 6 pounds per unit 055lb 330 per

Reference No:- TGS02612750

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Accounting Basics: Direct materials standard 6 pounds per unit 055lb 330 per

Reference No:- TGS02612750

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