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

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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