Maston Incorporated has the following data for its operation in August: Increase in direct materials inventory 100 Sets Direct materials purchased (AQ) 1,600 Sets Finished goods manufactured 700 units Direct materials purchase-price variance $ 528 Favorable Budgeted Finished goods to manufacture 800 Units Direct materials purchases 2,000 Sets Direct materials per unit of finished goods 2 Sets Direct materials price per set (SP) $ 4.40 What was the direct materials usage variance in August?
Maston Incorporated has the following data for its operation in August: Increase in direct materials inventory 100 Sets Direct materials purchased (AQ) 1,600 Sets Finished goods manufactured 700 units Direct materials purchase-price variance $ 528 Favorable Budgeted Finished goods to manufacture 800 Units Direct materials purchases 2,000 Sets Direct materials per unit of finished goods 2 Sets Direct materials price per set (SP) $ 4.40 What was the direct materials usage variance in August?
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter7: The Master Budget And Flexible Budgeting
Section: Chapter Questions
Problem 5E: Prepare a cost of goods sold budget for MacLaren Manufacturing Inc. for the year ended December 31,...
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Maston Incorporated has the following data for its operation in August:
| Increase in direct materials inventory | 100 | Sets |
|---|---|---|
| Direct materials purchased (AQ) | 1,600 | Sets |
| Finished goods manufactured | 700 | units |
| Direct materials purchase-price variance | $ 528 | Favorable |
| Budgeted | ||
| Finished goods to manufacture | 800 | Units |
| Direct materials purchases | 2,000 | Sets |
| Direct materials per unit of finished goods | 2 | Sets |
| Direct materials price per set (SP) | $ 4.40 |
What was the direct materials usage variance in August?
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