Ask Question
1 November, 06:01

Coronado, Inc. makes high-quality swimsuits. During the year, the company produced 785 suits, using 1,069 yards of material, and the company purchased 925 yards of material for $4,784. The direct materials standard for the swimsuits allows 1.28 yards of material at a standard price of $4 per yard Calculate Coronado's direct materials quantity variance for the year. (variance is zero, select "Not Applicable" and enter O for the amounts Round answer to O decimal places, e. g. 15.)

+4
Answers (1)
  1. 1 November, 06:09
    0
    Actual Quantity Standard quantity Standard rate

    1069 1004.8 $ 4

    (785 * 1.28)

    Direct Material

    Quantity Variance = (Standard quantity - Actual quantity) * standard price

    (1004.8 - 1069) * $4

    $ (256.80) unfavorable

    Hence,

    Direct Material Quantity Variance = $257 unfavorable
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Coronado, Inc. makes high-quality swimsuits. During the year, the company produced 785 suits, using 1,069 yards of material, and the ...” 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