Bright Electronics manufactures smartphone chargers. Last month, the company purchased 120,000 meters of copper wire at $0.32 per meter. The standard allows 1.5 meters of copper wire per charger at a standard price of $0.30 per meter. During the month, the company used 88,500 meters of wire to produce 62,000 chargers. Calculate Bright Electronics' direct materials quantity variance for the month.

Bright Electronics manufactures smartphone chargers. Last month, the company purchased 120,000 meters of copper wire at $0.32 per meter. The standard allows 1.5 meters of copper wire per charger at a standard price of $0.30 per meter. During the month, the company used 88,500 meters of wire to produce 62,000 chargers. Calculate Bright Electronics' direct materials quantity variance for the month.

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 25E: Lowell Manufacturing Inc. has a normal selling price of 20 per unit and has been selling 125,000...

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