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the per-unit standards for direct materials are 5 gallons at $6 per gallon. Last month, 28,000...

the per-unit standards for direct materials are 5 gallons at $6 per gallon. Last month, 28,000 gallons of direct material that actually cost $176,400 were used to produce 6,000 units of product. The direct materials quantity variance for last month was?

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Answer #1
Answer:
Standard quantity = 6,000 units x 5 Gallons = 30,000 units
Direct Material Quantity Variance
          = Standard price x (Standard quantity   (-) Actual quantity)
          =     $6 x (30,000 (-) 28,000 )
         = $6 x 2,000 units
         = $12,000 (Favourable )
Direct materials quantity variance for last month   = $12,000 (Favourable )
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