Oceanside Marine Company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor. Oceanside uses standard costs to prepare its flexible budget. For the first quarter ofthe year, direct materials and direct labor standards for one of their popular products were as follows:Direct materials: 1 pound per unit; $11 per poundDirect labor: 4 hours per unit; $20 per hourOceanside produced 3,000 units during the quarter. At the end of the quarter, an examination of the direct materials records showed that the company used 7,500 pounds of direct materials and actual total materials costs were$99,300.What is the direct materials cost variance? (Round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.)OA. $6,720 UnfavorableOB. $16,800 FavorableOC. $6,720 FavorableOD. $16,800 UnfavorableC

Name: Oceanside Marine Company manufactures special metallic materials and
Uploaded: 2024-03-20T06:33:06.000Z
Channel: Bartleby
Description: Oceanside Marine Company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor. Oceanside uses standard costs to prepare its flexible budget. For the first quarter ofthe year, direct mate