Question: Lindor Chocolates successfully uses a standard costing system for it's signature chocolates. They have a direct materials standard of 3 gallons of input at a

 Lindor Chocolates successfully uses a standard costing system for it's signature

Lindor Chocolates successfully uses a standard costing system for it's signature chocolates. They have a direct materials standard of 3 gallons of input at a cost of $5 per gallon. During January, Lindor Chocolates purchased and used 6,700 gallons. The direct materials quantity variance was $500 unfavorable and the direct materials price variance was $3,000 favorable. How many units did Lindor chocolates produce? Multiple Choice 6,600 units 2,200 units 2,250 units 6,700 units

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!