Question

The following data relate to direct materials costs for
February:

Materials cost per yard: standard, $1.90; actual, $2.04

Standard yards per unit: standard, 4.67 yards; actual, 5.02
yards

Units of production: 9,200

Calculate the direct materials quantity variance.

a.$6,118.00 favorable

b.$6,568.80 favorable

c.$6,568.80 unfavorable

d.$6,118.00 unfavorable

Answer #1

D) $ 6,118.00 unfavorable is the correct alternative

Explanation :

Direct materials quantity variance = [ Standard quantity - Actual quantity ] X Standard price

Standard quantity = 9,200 X 4.67 yards = 42,964 yards

Actual quantity = 9,200 X 5.02 yards = 46,184 yards

Standard price = $ 1.90 per Yard

Direct materials quantity variance = [ 42,964 - 46,184] X $ 1.90 = $ (6,118.00) unfavorable.

Because actual is higher than standard or budgeted performance.

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