In: Accounting
Information concerning Johnston Co.'s direct materials costs is as follows:
Standard price per pound |
$ |
6.45 |
||
Actual quantity of direct materials used in production |
2,750 |
pounds |
||
Units of product manufactured |
700 |
|||
Budget data for the period: |
||||
Standard quantity of direct materials per unit of product |
4 |
pounds |
The direct materials usage variance for the period is:
$307.50 unfavorable. |
||
$322.50 unfavorable. |
||
$307.50 favorable. |
||
$322.50 favorable. |
Note
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