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

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

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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What is the materials quantity variance ?
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