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December: The following data relate to direct materials costs for Actual Costs Standard Costs Quantity 5,200 pounds at 5,000 pounds at $4.80 $5.20 What is the direct materials quantity variance? A. $1,040 unfavorable B. $960 favorable C. $960 unfavorable D. $1,040 favorable

December: The following data relate to direct materials costs for Actual Costs Standard Costs Quantity 5,200 pounds at 5,000 pounds at $4.80 $5.20 What is the direct materials quantity variance? A. $1,040 unfavorable B. $960 favorable C. $960 unfavorable D. $1,040 favorable

FINANCIAL ACCOUNTING
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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What is the direct materials quantity variance?

December: The following data relate to direct materials costs for Actual Costs Standard Costs Quantity 5,200 pounds at 5,000 pounds at $4.80 $5.20 What is the direct materials quantity variance? A. $1,040 unfavorable B. $960 favorable C. $960 unfavorable D. $1,040 favorable
Transcribed Image Text:December: The following data relate to direct materials costs for Actual Costs Standard Costs Quantity 5,200 pounds at 5,000 pounds at $4.80 $5.20 What is the direct materials quantity variance? A. $1,040 unfavorable B. $960 favorable C. $960 unfavorable D. $1,040 favorable
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