-Dana, Inc. recently completed 56,000 units of a product that was expected to consume four pounds e direct material per finished unit. The standard price of the direct material was $8.50 per pound. If the firm purchased and consumed 228,000 pounds in manufacturing (cost = $1,881,000), the direct-material quantity variance would be figured as: $34,000U.(ANSWER) $34,000F. $57,000U. $57,000F. none of the other answers are correct.

-Dana, Inc. recently completed 56,000 units of a product that was expected to consume four pounds e direct material per finished unit. The standard price of the direct material was $8.50 per pound. If the firm purchased and consumed 228,000 pounds in manufacturing (cost = $1,881,000), the direct-material quantity variance would be figured as: $34,000U.(ANSWER) $34,000F. $57,000U. $57,000F. none of the other answers are correct.

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Description: -Dana, Inc. recently completed 56,000 units of a product that was expected to consume four pounds ofdirect material per finished unit. The standard price of the direct material was $8.50 per pound. If the firmpurchased and consumed 228,000 pounds in

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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