Jenkins Manufacturing
The following information is available for Jenkins Manufacturing Company for the month of June when the company produced 2,100 units:
Staudard:
Material 2 pounds per unit @$5.80 per pound
Labor 3 direct labor hours per unit @ $ \$ 10.00 $ per hour

Actual:
Material 4,250 pounds purchased and used@$5.65 per poume
Labor $ \quad 6,300 $ direction hours at $ \$ 9.75 $ per hour

Refer to Jenkins Manufacturing Company.What is the material quantity variance?
A)$275 F
B)$290 F
C)$290 U
D)$275 U

Question

Jenkins Manufacturing
The following information is available for Jenkins Manufacturing Company for the month of June when the company produced 2,100 units:
Staudard:
Material                 2 pounds per unit @$5.80 per pound
Labor                    3 direct labor hours per unit @ $ \$ 10.00 $ per hour

Actual:
Material              4,250 pounds purchased and used@$5.65 per poume 
Labor             $ \quad 6,300 $ direction hours at $ \$ 9.75 $ per hour

Refer to Jenkins Manufacturing Company.What is the material quantity variance?
A)$275 F
B)$290 F
C)$290 U
D)$275 U

Quizplus · Accepted Answer

The material quantity variance is calculated as follows:Standard quantity = 2,100 units * 2 pounds per unit = 4,200 poundsActual quantity = 4,250 poundsVariance = Actual quantity - Standard quantity = 4,250 pounds - 4,200 pounds = 50 poundsVariance cost = Variance * Standard price per pound = 50 pounds * $5.80 per pound = $290 F

Jenkins Manufacturing the Following Information Is Available for Jenkins Manufacturing $10.00 \$ 10.00 $10.00

Jenkins Manufacturing
the Following Information Is Available for Jenkins Manufacturing $\$ 10.00$