The standards for direct materials in making a certain product are 20 pounds at $0.75 per pound. During the past period, 56,000 units of product were made and the material quantity variance was $30,000 favorable. The number of pounds of direct material used during the period amounted to:
The standards for direct materials in making a certain product are 20 pounds at $0.75 per pound. During the past period, 56,000 units of product were made and the material quantity variance was $30,000 favorable. The number of pounds of direct material used during the period amounted to:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The standards for direct materials in making a certain product are 20 pounds at $0.75 per pound. During the past period, 56,000 units of product were made and the material quantity variance was $30,000 favorable. The number of pounds of direct material used during the period amounted to:
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784,000
|
||
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1,160,000
|
||
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1,080,000
|
||
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1,200,000
|
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