The per-unit standards for direct materials are 2.4 pounds at $5.59 per pound. Last month, 3,900 pounds of direct materials that actually cost $20,600 were used to produce 1,300 units of product. What was the direct materials quantity variance for last month? Enter a favorable variance as a positive number or an unfavorable variance as a negative number. Please explain and show work.
The per-unit standards for direct materials are 2.4 pounds at $5.59 per pound. Last month, 3,900 pounds of direct materials that actually cost $20,600 were used to produce 1,300 units of product. What was the direct materials quantity variance for last month? Enter a favorable variance as a positive number or an unfavorable variance as a negative number. Please explain and show work.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Please help me with show all calculation thanku
Transcribed Image Text:The per-unit standards for direct materials
are 2.4 pounds at $5.59 per pound. Last
month, 3,900 pounds of direct materials
that actually cost $20,600 were used to
produce 1,300 units of product. What was
the direct materials quantity variance for
last month? Enter a favorable variance as a
positive number or an unfavorable variance
as a negative number.
Please explain and show work.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education