Question: Kraft adopts a standard cost system, which specifies that each product uses a standard of 1 pound direct materials and direct materials' standard price is
Kraft adopts a standard cost system, which specifies that each product uses a standard of 1 pound direct materials and direct materials' standard price is $25 per pound. Kraft produced 4,730 units of products in May. In that month, 5,010 pounds of direct materials were purchased and used at the total cost of $134,000. Calculate the direct materials quantity variance
direct materials were purchased and used at the total cost of $134,000. Calculate the direct materials quantity variance. Multiple Choice $9,600 unfavorable $7,000 unfavorable $8,750 unfavorable $7,850 favorable
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
