The standard materials cost to produce 1 unit of Product T is 6 pounds of material at a standard price of $38 per pound. In manufacturing 10,200 units, 50,500 pounds of material were used at a cost of $39 per pound. What is the total direct materials cost variance? A. $14,500 favorable B. $60,500 favorable C. $24,900 unfavorable D. $50,500 unfavorable

The standard materials cost to produce 1 unit of Product T is 6 pounds of material at a standard price of $38 per pound. In manufacturing 10,200 units, 50,500 pounds of material were used at a cost of $39 per pound. What is the total direct materials cost variance? A. $14,500 favorable B. $60,500 favorable C. $24,900 unfavorable D. $50,500 unfavorable

Managerial Accounting

15th Edition

ISBN:9781337912020

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

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

Chapter9: Evaluating Variances From Standard Costs

Section: Chapter Questions

Problem 1BE: Direct materials variances Bellingham Company produces a product that requires 2.5 standard pounds...

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What is the total direct materials cost variance?
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What is the total direct materials cost variance?