The standard materials cost to produce 1 unit of Product R is 6 pounds of material at a standard price of $50 per pound. In manufacturing 8,000 units, 47,000 pounds of material were used at a cost of $51 per pound. What is the direct materials quantity variance?
A. $50,000 favorable.
B. $47,000 favorable.
C. $50,000 unfavorable.
D. $47,000 unfavorable.
E. $3,000 favorable.
Answer: A
You might also like to view...
A decrease in accounts receivable represents an increase in a company's cash flow from operating activities
a. True b. False Indicate whether the statement is true or false
The service-quality model highlights the main requirements for delivering high service quality. Which are the five gaps that cause unsuccessful delivery?
What will be an ideal response?
How are the elements of the financial statements affected when merchandise inventory is purchased on account? (Assume a perpetual inventory system is in use.)
What will be an ideal response?
Operating characteristics describe the methods used by the service process
Indicate whether this statement is true or false.