Use the following to answer questions:
The following standard cost information is available for Leah Co.'s only product: Direct material 9 feet at $5.00 per foot. Actual information for July: 2,000 units were produced; 20,000 feet of direct material were purchased at a cost of $92,000 and 19,000 feet of material were used.
-What is the material quantity variance for July?
A) $ 4,500 favorable
B) $ 4,500 unfavorable
C) $ 5,000 favorable
D) $ 5,000 unfavorable
Correct Answer:
Verified
Q28: During June, 90,000 units were produced. The
Q29: Perfection standards assume which of the following:
A)
Q30: Generally a variance should be investigated if:
A)
Q31: Unfavorable material quantity variances
A) Could be caused
Q32: Use the following to answer questions:
The following
Q34: Use the following to answer questions:
Stanton Co.
Q35: Use the following to answer questions:
Stanton Co.
Q36: Use the following to answer questions:
Stanton Co.
Q37: Use the following to answer questions:
Stanton Co.
Q38: How much direct material was purchased in
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