The computer system for Number 14, LLC, a manufacturer of basketball jerseys, fell victim to...
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Accounting
The computer system for Number 14, LLC, a manufacturer of basketball jerseys, fell victim to an internet virus. The manager was able to determine from various sources that 2,000 more pounds were used in the production of 20,000 jerseys last period than purchased. Records show that the total direct material variances was $40,000 favorable. The direct material price variance was documented to be $120,000 unfavorable, which resulted from the actual cost per yard of direct material being $2 higher than the expected cost of $16 per yard. Additional documentation could not be found for the direct materials quantity variance. The amount of yards the company expected to use per jersey is
A.
3.6714 yards
B.
3.3875 yards
C.
3.6000 yards
D.
3.6125 yards
E.
None of the above.
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You can see the logs in the Dashboard.