A Company has a material standard of 1.1 pound per unit of output. Each pound has a standard price of $33 per pound. During July, A Company paid $118,800 for 5,100 pounds, which they used to produce 4,900 units. What is the direct materials quantity variance?

A Company has a material standard of 1.1 pound per unit of output. Each pound has a standard price of $33 per pound. During July, A Company paid $118,800 for 5,100 pounds, which they used to produce 4,900 units. What is the direct materials quantity variance?

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Description: A Company has a material standard of 1.1 pound per unit of output. Each pound has a standard price of $33 per pound. During July, A Company paid $118,800 for 5,100 pounds, which they used to produce 4,900 units. What is the direct materials quantity

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter8: Standard Costs And Variances

Section: Chapter Questions

Problem 10EB: A manufacturer planned to use $45 of variable overhead per unit produced, but in the most recent...

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