Fletcher Company collected the following data regarding production of one of its products. Compute the...
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Accounting
Fletcher Company collected the following data regarding production of one of its products. Compute the total direct materials variance. Direct materials standard (4 pounds @ $2/pound) $ 8 per finished unit Actual direct materials used 116,000 pounds Actual finished units produced 28,000 units Actual cost of direct materials used $ 227,760
Multiple Choice
$8,000 favorable.
$3,760 unfavorable.
$4,240 favorable.
$8,000 unfavorable.
$3,760 favorable.
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