Relevant information for material A follows:Actual quantity usedStandard quantity allowedActual priceStandard price6,500 lbs.6,000 lbs.$3.80$4.00What was the direct material quantity variance for material A?$1,900 favorable.$2,000 unfavorable.$1,900 unfavorable.$2,000 favorable.

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Description: Relevant information for material A follows:Actual quantity usedStandard quantity allowedActual priceStandard price6,500 lbs.6,000 lbs.$3.80$4.00What was the direct material quantity variance for material A?$1,900 favorable.$2,000 unfavorable.$1,900

The variance is the difference between the standard and actual cost data. The variance can be…

Business

Accounting

Relevant information for material A follows: Actual quantity used Standard quantity allowed Actual price Standard price O $1,900 favorable. 6,500 lbs. What was the direct material quantity variance for material A? $2.000 unfavorable. 6,000 lbs. $3.80 $4.00

Relevant information for material A follows: Actual quantity used Standard quantity allowed Actual price Standard price O $1,900 favorable. 6,500 lbs. What was the direct material quantity variance for material A? $2.000 unfavorable. 6,000 lbs. $3.80 $4.00

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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