Question: Hii teacher please provide for General accounting question answer do fast Avante Corporation manufactures a product with the following standard costs: Standard Quantity or Hours|Standard

Hii teacher please provide for General accounting question answer do fast

Hii teacher please provide for General accounting
Avante Corporation manufactures a product with the following standard costs: Standard Quantity or Hours|Standard Price or Rate Direct labor 1.4 hours per unit Variable overhead 1.4 hours per unit In July, the company produced 6,000 units using 15,600 liters of direct material and 2,500 direct labor hours. During the month, the company purchased 15,800 liters of direct material at $7.25 per liter. The actual direct labor rate was $11.50 per hour and the actual variable overhead rate was $3.10 per hour. The company applies variable overhead on the basis of direct labor hours. The direct materials purchases variance is computed when the materials are purchased. What is the materials quantity variance for July

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!