Backyard Creations purchased 7,000 feet of copper tubing at a price of $2.70 per foot and used 7,200 feet during the period.The standard quantity allowed for the units produced is 7,300 and the standard price of the copper tubing is $2.50 per foot.What is Backyard Creations' direct materials quantity variance for the period?

Question

Quizplus · Accepted Answer

The direct materials quantity variance is calculated as (Standard Quantity Allowed - Actual Quantity Used) x Standard Price. Here, (7,300 - 7,200) x $2.50 = $250 favorable.

Backyard Creations Purchased 7,000 Feet of Copper Tubing at a Price