Lavoie Company planned to use 18,500 pounds of material costing $2.50 per pound to make 4,000 units of its product. In actually making 4,000 units, the company used 18,800 pounds that cost
$2.54 per pound. Calculate the direct materials quantity variance.

Question

Quizplus · Accepted Answer

The Answer of Lavoie Company planned to use 18,500 pounds of material costing $2.50 per pound to make 4,000 units of its product. In actually making 4,000 units, the company used 18,800 pounds that cost
$2.54 per pound. Calculate the direct materials quantity variance.

Lavoie Company Planned to Use 18,500 Pounds of Material Costing