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The following data relate to direct materials costs for February: Materials cost per yard: standard, $1.97;...

The following data relate to direct materials costs for February: Materials cost per yard: standard, $1.97; actual, $2.04 Standard yards per unit: standard, 4.60 yards; actual, 5.22 yards Units of production: 9,400 Calculate the direct materials quantity variance. a. $11,889.12 unfavorable b. $11,481.16 favorable c. $11,889.12 favorable d. $11,481.16 unfavorable

Solutions

Expert Solution

Correct Answer – (d). $11,481.16 unfavorable

Calculations

Standard DATA for

9400

Units

Quantity (SQ)

Rate (SR)

Standard Cost

[A]

[B]

[A x B]

Direct Material

( 4.6Yards x 9400 units)=43240Yards

$          1.97

$       85,182.80

Actual DATA for

9400

Units

Quantity (AQ)

Rate (AR)

Actual Cost

Direct Material

49068

$ 2.04

$        100,098.72

Direct Material Quantity Variance

(

Standard Quantity

-

Actual Quantity

)

x

Standard Rate

(

43240

-

49068

)

x

$                           1.97

$-11481.16

Variance

$            11,481.16

Unfavorable-U

ekkarill92 answered 2 years ago
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