Auto Suppliers Inc. provides the following standard and actual costs for direct materials to produce 3,000 units of product: Standard and Actual Costs Data Quantity for actual production Price per lb. Standard 2,100 lbs. $5.70 Actual 2,900 lbs. $5.20 Determine the direct material cost variance. Group of answer choices -$3,110 favorable $3,110 unfavorable $4,560 unfavorable -$4,560 favorable
Auto Suppliers Inc. provides the following standard and actual costs for direct materials to produce 3,000 units of product: Standard and Actual Costs Data Quantity for actual production Price per lb. Standard 2,100 lbs. $5.70 Actual 2,900 lbs. $5.20 Determine the direct material cost variance. Group of answer choices -$3,110 favorable $3,110 unfavorable $4,560 unfavorable -$4,560 favorable
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter8: Budgeting For Planning And Control
Section: Chapter Questions
Problem 14CE: Refer to Cornerstone Exercise 8.13. In March, Nashler Company produced 163,200 units and had the...
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Auto Suppliers Inc. provides the following standard and actual costs for direct materials to produce 3,000 units of product:
Standard and Actual CostsData | Quantity for actual production | Price per lb. |
---|---|---|
Standard | 2,100 lbs. | $5.70 |
Actual | 2,900 lbs. | $5.20 |
Determine the direct material cost variance.
Group of answer choices
-$3,110 favorable
$3,110 unfavorable
$4,560 unfavorable
-$4,560 favorable
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