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The standard costs and actual costs for direct materials for the manufacture of 2,440 actual units of product are as follows: Direct materials Standard Costs 2,440 kilograms at $8.70 Actual Costs Direct materials 2,500 kilograms at $8.30 The direct materials quantity variance is a. $418 favorable b. $418 unfavorable c. $522 unfavorable Od. $522 favorable

The standard costs and actual costs for direct materials for the manufacture of 2,440 actual units of product are as follows: Direct materials Standard Costs 2,440 kilograms at $8.70 Actual Costs Direct materials 2,500 kilograms at $8.30 The direct materials quantity variance is a. $418 favorable b. $418 unfavorable c. $522 unfavorable Od. $522 favorable

FINANCIAL ACCOUNTING
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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The standard costs and actual costs for direct materials for the manufacture of 2,440 actual units of product are as follows: Direct materials Standard Costs 2,440 kilograms at $8.70 Actual Costs Direct materials 2,500 kilograms at $8.30 The direct materials quantity variance is a. $418 favorable b. $418 unfavorable c. $522 unfavorable Od. $522 favorable
Transcribed Image Text:The standard costs and actual costs for direct materials for the manufacture of 2,440 actual units of product are as follows: Direct materials Standard Costs 2,440 kilograms at $8.70 Actual Costs Direct materials 2,500 kilograms at $8.30 The direct materials quantity variance is a. $418 favorable b. $418 unfavorable c. $522 unfavorable Od. $522 favorable
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