The Lucy Corporation purchased and used 129,000 board feet of lumber in producti

Question

The Lucy Corporation purchased and used 129,000 board feet of lumber in production, at a total cost of $1,548,000. Original production had been budgeted for 22,000 units with a standard material quantity of 5.7 board feet per unit and a standard price of $12 per board foot. Actual production was 23,500 units.Compute the material quantity variance. a. 63,000U
b. 59,400F
c. 63,000F
d. 59,400U The Lucy Corporation purchased and used 129,000 board feet of lumber in production, at a total cost of $1,548,000. Original production had been budgeted for 22,000 units with a standard material quantity of 5.7 board feet per unit and a standard price of $12 per board foot. Actual production was 23,500 units.Compute the material quantity variance. a. 63,000U
b. 59,400F
c. 63,000F
d. 59,400U

Explanation / Answer

c

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