Mini-Truck Co. produces toy trucks. The company has the following standards for production: ...
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Accounting
Mini-Truck Co. produces toy trucks. The company has the following standards for production:
| Standards | ||
| DM required for one unit | Cost per unit of input | |
| Direct materials | 4 units | $12.50 per unit |
| Direct labour | 1.4 hours | $9.50 per hour |
Actual production for the period is 5,000 units, and the following information provided:
Direct Materials:
| Materials costs | $299,000 |
| Input purchased and used | 23,000 |
| Actual price per input | $13.00 |
What is the direct materials efficiency variance?
Question 9 options:
| $37,500 U | |
| $36,000 U | |
| $36,000 F | |
| $37,500 F |
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