The following data relate to direct materials costs for November: Actual costs 4

Question

The following data relate to direct materials costs for November: Actual costs 4,624 pounds at $5.20 Standard costs 4,474 pounds at $6.50 What is the direct materials quantity variance? Select the correct answer. $6,011 unfavorable $975 favorable $6,011 favorable $975 unfavorable The following data relate to direct materials costs for November: Actual costs 4,628 pounds at $5.30 Standard costs 4,461 pounds at $6.50 What is the direct materials price variance? Select the correct answer. $1,086 unfavorable $1,086 favorable $5,554 unfavorable $5,554 favorable The following data relate to direct labor costs for the current period: Standard costs 9,000 hours at $5.50 Actual costs 8,750 hours at $5.75 What is the direct labor rate variance? a. $2,187.50 unfavorable b. $1,375.00 favorable c. $1,438.00 favorable d. $2,250.00 unfavorable The following data relate to direct labor costs for the current period: Standard costs 7,451 hours at $11.30 Actual costs 6,223 hours at $10.80 What is the direct labor time variance? Select the correct answer. $16,988 unfavorable $3,112 favorable $16,988 favorable $13,876 favorable

Explanation / Answer

$13,876 favorable

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