Question: 20) Bumgardner Inc. has provided the following data concerning one of the products in its standard cost system. Inputs Standard Quantity or Hours per Unit

20) Bumgardner Inc. has provided the following data concerning one of the products in its standard cost system.

Inputs Standard Quantity or Hours per Unit of Output Standard Price or Rate
Direct materials 8.0 liters $5.00 per liter

The company has reported the following actual results for the product for April:

Actual output 7,400 units
Raw materials purchased 65,400 liters
Actual price of raw materials $ 5.70 per liter
Raw materials used in production 59,210 liters

The direct materials purchases variance is computed when the materials are purchased.

The raw materials quantity variance for the month is closest to:

Multiple Choice

  • $50 U

  • $50 F

  • $57 F

  • $57 U

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