The following information has been provided by Hall Company:
5,000 units were produced last year.
The material price variance was $16,800 favorable.
The material quantity variance was $8,000 unfavorable.
10,500 feet of direct material was purchased and used.
The standard price of the direct material was $4 per foot.
What was the actual cost per foot of direct materials?
A) $4.00
B) $2.40
C) $5.60
D) $3.24

Question

Quizplus · Accepted Answer

The Answer of The following information has been provided by Hall Company:
5,000 units were produced last year.
The material price variance was $16,800 favorable.
The material quantity variance was $8,000 unfavorable.
10,500 feet of direct material was purchased and used.
The standard price of the direct material was $4 per foot.
What was the actual cost per foot of direct materials?
A) $4.00
B) $2.40
C) $5.60
D) $3.24

The Following Information Has Been Provided by Hall Company