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 1 year ago

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