A company provided the following direct materlals cost Information. Compute the total direct materials variance. Standard costs assigned: $1,676,000 Direct materials standard cost (419,000 unita e $4.00/unit) Actual costs: S1,754,550 Direct materials costs incurred (417,750 units @ $4.20/unit) Multiple Choice

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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A company provided the following direct materlals cost Information. Compute the total direct materials variance.
Standard costs assigned:
Direct materials
standard cost ( 419,000 units @ $4.00/unit)
$ 1,676,000
Actual costs:
Direct materials costa incurred (417,750 units @ $4..20/unit)
$ 1,754,550
Multiple Choice
$5,000 Favorable.
$78,550 Unfavorable.
$83,550 Unfavorable.
$78,550 Favorable.
$83,550 Favorable.
Transcribed Image Text:A company provided the following direct materlals cost Information. Compute the total direct materials variance. Standard costs assigned: Direct materials standard cost ( 419,000 units @ $4.00/unit) $ 1,676,000 Actual costs: Direct materials costa incurred (417,750 units @ $4..20/unit) $ 1,754,550 Multiple Choice $5,000 Favorable. $78,550 Unfavorable. $83,550 Unfavorable. $78,550 Favorable. $83,550 Favorable.
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