Standard cost per unit requires 3 pounds of material at $10 per pound. The company produces 6,000 units. During production, 17,800 pounds of material were used, and the actual cost per pound was $9.80. What is the total direct material cost variance?

Standard cost per unit requires 3 pounds of material at $10 per pound. The company produces 6,000 units. During production, 17,800 pounds of material were used, and the actual cost per pound was $9.80. What is the total direct material cost variance?

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter10: Standard Costing And Variance Analysis

Section: Chapter Questions

Problem 58E: At the beginning of the year, Lopez Company had the following standard cost sheet for one of its...

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need help this accounting question

Standard cost per unit requires 3 pounds of material at $10
per pound. The company produces 6,000 units. During
production, 17,800 pounds of material were used, and the
actual cost per pound was $9.80.
What is the total direct material cost variance?

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What is the total direct materials cost variance? General accounting