Oxford Company has a materials standard of $2.23 pounds per unit of output. Each pound has a standard price of $23 per pound. During February, Oxford Company paid $54,540 for 4,880 pounds at $24 per pound, which were used to produce 2,400 units. What is the direct materials quantity variance?   Multiple Choice   $6,140 unfavorable   $10,856 favorable   $3,500 favorable   $700 unfavorable

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Oxford Company has a materials standard of $2.23 pounds per unit of output. Each pound has a standard price of $23 per pound. During February, Oxford Company paid $54,540 for 4,880 pounds at $24 per pound, which were used to produce 2,400 units. What is the direct materials quantity variance?

 

Multiple Choice
  •  

    $6,140 unfavorable

  •  

    $10,856 favorable

  •  

    $3,500 favorable

  •  

    $700 unfavorable

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