BuildRight Company has a standard of 2 pounds of materials per unit, at $5 per pound. In producing 1,500 units, Build Right used 2,800 pounds of materials at a total cost of $14,280. Calculate BuildRight's materials quantity variance.

BuildRight Company has a standard of 2 pounds of materials per unit, at $5 per pound. In producing 1,500 units, Build Right used 2,800 pounds of materials at a total cost of $14,280. Calculate BuildRight's materials quantity variance.

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter10: Standard Costing And Variance Analysis

Section: Chapter Questions

Problem 58E: At the beginning of the year, Lopez Company had the following standard cost sheet for one of its...

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Question

Calculate buildright material quantity variance

BuildRight Company has a standard of 2 pounds of materials
per unit, at $5 per pound. In producing 1,500 units,
Build Right used 2,800 pounds of materials at a total cost of
$14,280. Calculate BuildRight's materials quantity variance.

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Given answer accounting questions
Poonam has a standard of 1.5 pounds of materials per unit, at S6 per pound. In producing 2,000 units, Poonam used 3,100 pounds of materials at a total cost of $18,135. Poonam's material quantity variance is favorable or unfavorable? Answer
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