Blue Box Beach Chairs has the following standards to make beach chairs: Direct materials Direct labor O $2,240 favorable O $350 favorable Standard Quantity 2.2 pounds of polywood per chair 0.65 hours per chair O$1,470 favorable Standard Price The static budget was based on the production of 6,200 beach chairs. The company used 13,000 pounds of polywood in order to make 6,100 chairs in April. The company purchased 7,000 pounds of polywood at a total cost of $24,150. How much is the direct materials quantity variance? O $700 favorable $3.50 per pound $13.00 per hour S
Blue Box Beach Chairs has the following standards to make beach chairs: Direct materials Direct labor O $2,240 favorable O $350 favorable Standard Quantity 2.2 pounds of polywood per chair 0.65 hours per chair O$1,470 favorable Standard Price The static budget was based on the production of 6,200 beach chairs. The company used 13,000 pounds of polywood in order to make 6,100 chairs in April. The company purchased 7,000 pounds of polywood at a total cost of $24,150. How much is the direct materials quantity variance? O $700 favorable $3.50 per pound $13.00 per hour S
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter9: Standard Costing: A Functional-based Control Approach
Section: Chapter Questions
Problem 20E: Jameson Company produces paper towels. The company has established the following direct materials...
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![Blue Box Beach Chairs has the following standards to make beach chairs:
Direct materials
Direct labor
O $2,240 favorable
O $350 favorable
Standard Quantity
2.2 pounds of polywood per chair
0.65 hours per chair
O$1,470 favorable
Standard Price
The static budget was based on the production of 6,200 beach chairs. The company used 13,000 pounds of
polywood in order to make 6,100 chairs in April. The company purchased 7,000 pounds of polywood at a total cost
of $24,150. How much is the direct materials quantity variance?
O $700 favorable
$3.50 per pound
$13.00 per hour
L](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fea0f96c4-bd6a-49c6-acb0-1c70d4ff7b08%2F4fd96424-b80f-4bb0-ad80-1a146c5494e0%2Fpxbas7s_processed.png&w=3840&q=75)
Transcribed Image Text:Blue Box Beach Chairs has the following standards to make beach chairs:
Direct materials
Direct labor
O $2,240 favorable
O $350 favorable
Standard Quantity
2.2 pounds of polywood per chair
0.65 hours per chair
O$1,470 favorable
Standard Price
The static budget was based on the production of 6,200 beach chairs. The company used 13,000 pounds of
polywood in order to make 6,100 chairs in April. The company purchased 7,000 pounds of polywood at a total cost
of $24,150. How much is the direct materials quantity variance?
O $700 favorable
$3.50 per pound
$13.00 per hour
L
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