Georgia, Inc. has collected the following data on one of its products. The actual cost of direct materials used is:       Direct materials standard (2 lbs @ $3/lb) $6 per finished unit Total direct materials cost variance—unfavorable $17,750   Actual direct materials used 60,000 lbs. Actual finished units produced 20,000 units   $102,250. $60,000. $137,750. $120,000. $153,250.

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Georgia, Inc. has collected the following data on one of its products. The actual cost of direct materials used is:

     
Direct materials standard (2 lbs @ $3/lb) $6 per finished unit
Total direct materials cost variance—unfavorable $17,750  
Actual direct materials used 60,000 lbs.
Actual finished units produced 20,000 units

 

  • $102,250.

  • $60,000.

  • $137,750.

  • $120,000.

  • $153,250.

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