The standard costs and actual costs for direct materials for the manufacture of 2,500 actual units of product are: Standard Costs: Direct materials - 2,500 kilograms @ $8.50 Actual Costs: Direct materials - 2,603 kilograms @ $8.75 The amount of the direct materials quantity variance is ?

The standard costs and actual costs for direct materials for the manufacture of 2,500 actual units of product are: Standard Costs: Direct materials - 2,500 kilograms @ $8.50 Actual Costs: Direct materials - 2,603 kilograms @ $8.75 The amount of the direct materials quantity variance is ?

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter6: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 2DQ: Which of the following costs would be classified as variable and which would be classified as fixed,...

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Question

100%

The amount of the direct materials quantity variance is?

The standard costs and actual costs for direct
materials for the manufacture of 2,500 actual units of
product are:
Standard Costs:
Direct materials - 2,500 kilograms @ $8.50
Actual Costs:
Direct materials - 2,603 kilograms @ $8.75
The amount of the direct materials quantity variance
is
?

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