Georgia, Incorporated has collected the following data on one of its products. The direct materials quantity variance is: $3 per finished unit Direct materials standard (3 pounds @ $1/pound) Total direct materials cost variance-unfavorable Actual direct materials used Actual finished units produced Multiple Choice O $20,000 unfavorable. O $20,000 favorable. O $16,750 unfavorable. O $3,250 favorable. $16,750 favorable. $16,750 80,000 pounds 20,000 units

Georgia, Incorporated has collected the following data on one of its products. The direct materials quantity variance is: $3 per finished unit Direct materials standard (3 pounds @ $1/pound) Total direct materials cost variance-unfavorable Actual direct materials used Actual finished units produced Multiple Choice O $20,000 unfavorable. O $20,000 favorable. O $16,750 unfavorable. O $3,250 favorable. $16,750 favorable. $16,750 80,000 pounds 20,000 units

Name: Georgia, Incorporated has collected the following data on one of its
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Description: Georgia, Incorporated has collected the following data on one of its products. The direct materials quantity variance is:$3 per finished unitDirect materials standard (3 pounds @ $1/pound)Total direct materials cost variance-unfavorableActual direct

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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Georgia, Inc. has collected the following data on one of its products. The direct materials quantity variance is: Direct materials standard (4 lbs. @ $1/1b.) 2$ 4 per finished unit Total direct materials cost variance-unfavorable $ 13,750 Actual direct materials used 150,000 lbs. Actual finished units produced 30,000 units Multiple Choice $30.000 favorable. $13,750 unfavorable. $16,250 favorable. $30,000 unfavorable. $13.750 favorable.
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