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The following company information is available: Direct materials used for produc

ID: 2375495 • Letter: T

Question

The following company information is available:

  Direct materials used for production   40,000 gallons   Standard quantity for units produced   33,300 gallons   Standard cost per gallon of direct material   $6.23   Actual cost per gallon of direct material   $6.73
The direct materials quantity variance is: $45,091 unfavorable. $41,141 favorable. $41,741 unfavorable. $42,741 unfavorable. $41,241 favorable. $45,091 unfavorable. $41,141 favorable. $41,741 unfavorable. $42,741 unfavorable. $41,241 favorable.   Direct materials used for production   40,000 gallons   Standard quantity for units produced   33,300 gallons   Standard cost per gallon of direct material   $6.23   Actual cost per gallon of direct material   $6.73

Explanation / Answer

direct materials variance = 6.23 * ( 40000 - 33300) = 41741 favourable

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