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,...
Related questions
Question
100%
The
Transcribed Image Text: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
?
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Recommended textbooks for you
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub