The standard quantity allowed for the units produced was 6,500 pounds, the standard price was $2.50 per pound, and the materials quantity variance was $375 favorable. Each unit uses 1 pound of materials. How many units were actually produced?
A) 6,350
B) 6,500
C) 15,875
D) 6,650
Correct Answer:
Verified
Q96: The total variance is $25,000. The total
Q97: A company uses 8,400 pounds of materials
Q98: Keller Company has a materials price standard
Q99: If the materials price variance is $2,400
Q101: ToolTime has a standard of 2 hours
Q102: The per-unit standards for direct materials are
Q103: The standard rate of pay is $10
Q104: Gant Co. manufactures a product with a
Q105: Herrera Co. produces a product requiring 10
Q112: The investigation of a materials quantity variance
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents