Bonny Apparel Company has the following standards to manufacture one suit: Standard Quantity Standard Price Direct Materials 5 yards per unit Direct Labor $8.75 per yard 2.5 hours per unit $13 per hour The company used 15,500 yards of material to manufacture 3,200 suits in May. The direct materials quantity variance is: a. $4.375 favorable. b. $6,500 unfavorable. c. $10,500 favorable. d. $6,125 favorable.

Bonny Apparel Company has the following standards to manufacture one suit: Standard Quantity Standard Price Direct Materials 5 yards per unit Direct Labor $8.75 per yard 2.5 hours per unit $13 per hour The company used 15,500 yards of material to manufacture 3,200 suits in May. The direct materials quantity variance is: a. $4.375 favorable. b. $6,500 unfavorable. c. $10,500 favorable. d. $6,125 favorable.

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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