TechSolvers produces 5-foot 1166 cables. During the past year, the company purchased 230,000 feet of plastic-coated wire
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TechSolvers produces 5-foot 1166 cables. During the past year, the company purchased 230,000 feet of plastic-coated wire at a price 3$0.30 per foot. The direct materials standard for the cal4w alloy. 6 feet of wire at a standard price of $0.32. Timing the year, the company used a total of 260,000 feet of wire to produce 65,0005-foot cables.
Required
Calculate Tecl3olvers' direct materials quantity variance for the year.
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