Ask Question
19 January, 07:19

The standard costs and actual costs for direct materials for the manufacture of 2,500 actual units of product are as follows: Standard Costs Direct materials 2,500 kilograms at $8.50 Actual Costs Direct materials 2,600 kilograms at $8.75 The direct materials quantity variance is

+3
Answers (1)
  1. 19 January, 07:30
    0
    Direct material quantity variance = $850 unfavorable

    Explanation:

    Giving the following information:

    The standard costs and actual costs for direct materials for the manufacture of 2,500 actual units of product are as follows: Standard Costs Direct materials 2,500 kilograms at $8.50 Actual Costs Direct materials 2,600 kilograms at $8.75

    Direct material quantity variance = (standard quantity - actual quantity) * standard price

    Direct material quantity variance = (2,500 - 2,600) * 8.5 = $850 unfavorable
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The standard costs and actual costs for direct materials for the manufacture of 2,500 actual units of product are as follows: Standard ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers