Accounting cost variance

FratBro23
Category:
Accounting
Price: $5 USD

Question description

Standard cost per unit 3 pounds at $2 per unit

Actual cost per unit  2.5 pounds at $3 per unit 

6000 pounds of raw materials purchased during the month. 2,000 units were manufactured during the month and 5000 pounds of raw material were used in production. What is the direct material quantity variance? 

Studypool has helped 1,244,100 students
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1830 tutors are online

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors