Majer Corporation makes a product with the following standard costs: The company reported the following results concerning this product in February.
The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased.The materials quantity variance for February is:
A) $8,100 Favorable
B) $8,037 Favorable
C) $8,100 Unfavorable
D) $8,037 Unfavorable

Question

Majer Corporation makes a product with the following standard costs:  The company reported the following results concerning this product in February.
 The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased.The materials quantity variance for February is:
A) $8,100 Favorable 
B) $8,037 Favorable 
C) $8,100 Unfavorable 
D) $8,037 Unfavorable

Quizplus · Accepted Answer

The Answer of Majer Corporation makes a product with the following standard costs:  The company reported the following results concerning this product in February.
 The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased.The materials quantity variance for February is:
A) $8,100 Favorable 
B) $8,037 Favorable 
C) $8,100 Unfavorable 
D) $8,037 Unfavorable

Majer Corporation Makes a Product with the Following Standard Costs