Green Lighting Manufacturing produces solar panel frames. During the past year, the company has the following information: • Total production: 12,500 solar panel frames • • . Standard quantity of aluminum per frame: 6.4 pounds Standard price of aluminum: $4.50 per pound Actual quantity of aluminum used: 83,750 pounds Actual purchase of aluminum: 83,750 pounds at $4.40 per pound Required Calculate the direct materials quantity variance for the year.

Green Lighting Manufacturing produces solar panel frames. During the past year, the company has the following information: • Total production: 12,500 solar panel frames • • . Standard quantity of aluminum per frame: 6.4 pounds Standard price of aluminum: $4.50 per pound Actual quantity of aluminum used: 83,750 pounds Actual purchase of aluminum: 83,750 pounds at $4.40 per pound Required Calculate the direct materials quantity variance for the year.

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter9: Standard Costing: A Functional-based Control Approach

Section: Chapter Questions

Problem 20E: Jameson Company produces paper towels. The company has established the following direct materials...

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