The following data relate to direct materials for the month for the Hodge Wax Company: The standard costs for the work done was 5,900 pounds of wax at $9.50 per pound. The actual costs were 6,300 pounds at $9 por pound What is the direct

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Chapter1: Financial Statements And Business Decisions
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The following data relate to direct materials
for the month for the Hodge Wax
Company: The standard costs for the work
done was 5,900 pounds of wax at $9.50
per pound. The actual costs were 6,300
pounds at $9 per pound. What is the direct
materials cost variance?
3,150 F
3,100 U
3,100 F
3,150 U
Transcribed Image Text:The following data relate to direct materials for the month for the Hodge Wax Company: The standard costs for the work done was 5,900 pounds of wax at $9.50 per pound. The actual costs were 6,300 pounds at $9 per pound. What is the direct materials cost variance? 3,150 F 3,100 U 3,100 F 3,150 U
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