Question

In: Accounting

Information concerning Johnston Co.'s direct materials costs is as follows: Standard price per pound $ 6.45...

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.

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