A company provided the following direct materials cost information. Compute the direct materials quantity variance. standard costs assigned: Direct materials standard cost (455,000 units @ $3.00/unit) Actual costs: $ 1,365,000 Direct materials costs incurred (453,680 units @ $3.10/unit) $ 1,406,408 Multiple Choice $41,408 Favorable. $4,092 Unfavorable $4,092 Favorable. $3,960 Favorable. $3,960 Unfavorable.

A company provided the following direct materials cost information. Compute the direct materials quantity variance. standard costs assigned: Direct materials standard cost (455,000 units @ $3.00/unit) Actual costs: $ 1,365,000 Direct materials costs incurred (453,680 units @ $3.10/unit) $ 1,406,408 Multiple Choice $41,408 Favorable. $4,092 Unfavorable $4,092 Favorable. $3,960 Favorable. $3,960 Unfavorable.

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter9: Evaluating Variances From Standard Costs

Section: Chapter Questions

Problem 3PA: Direct materials, direct labor, and factory overhead cost variance analysis Mackinaw Inc. processes...

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