Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. oceanside marine company manufactures special meta

Oceanside Marine Company manufactures special metallic materials and decorative fittings for luxury yachts that require...

70.2K

Verified Solution

Question

Accounting

Oceanside Marine Company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor. Oceanside uses standard costs to prepare its flexible budget. For the first quarter of the year, direct materials and direct labor standards for one of their popular products were as follows:
Direct materials: 1 pound per unit; $11 per pound
Direct labor: 2 hours per unit; $20 per hour
Oceanside produced 4,000 units during the quarter. At the end of the quarter, an examination of the direct materials records showed that the company used 6,500 pounds of direct materials and actual total materials costs were $98,400.
What is the direct materials cost variance? (Round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.)
A. $16,560 Unfavorable
B. $26,910 Favorable
C. $26,910 Unfavorable
D. $16,560 Favorable
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

Economics
1.2K views

how 3M ramped up its production of N95 masks. Many organizations are pitching in in this...

Operations Management
1.2K views

Celeb café wanted to change some of its furniture. The manager, Macy, contracted Trend Furniture to...

Biology
1.2K views

Which of the following can be considered both an advantage and a disadvantage of juxtacrine...

Physics
1.2K views

A gas with initial state variables pi. V?, and Ti is cooled in an isochoric...

Basic Math
1.2K views

A dietician is planning a snack package of fruit and nuts Each ounce of fruit...

Basic Math
1.2K views

Kane's Furniture Store advertised a table at a 16% discount. The original selling price was...

Basic Math
1.2K views

Instead of using the values 1 2 3 4 5 6 on dice suppose a...

Calculus
1.2K views

In your own words, define the following.(a) Secant line(b). Average rate of change(c). Tangent line(d)....

Algebra
1.2K views

5 Write the given expression as the cosine of an angle cos 45 cos 40...

Accounting
1.2K views

Problem 12-23(Algo) Comprehensive Problem [LO12-1, LO12-2, LO12-3, L012-5, LO12-6] Lou Barlow, a divisional manager...

Accounting
1.2K views

Pasadena Corporation produces three products, and currently has a shortage of machine hours since one...

Accounting
1.2K views

Assume that Morrison Company used cash to acquire machinery expected to contribute to the generation...