Exeter Company has a materials standard of 1 pound per unit of output. Each pound...

90.2K

Verified Solution

Question

Accounting

Exeter Company has a materials standard of 1 pound per unit of output. Each pound has a standard price of $27 per pound. During July, Exeter paid $66,846 for 3,120 pounds, which it used to produce 3,000 units of product. What is the direct materials quantity variance?
Multiple Choice
$1,916 unfavorable
$4,420 favorable
$1,826 unfavorable
$3,240 unfovorable
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students