The standard costs and actual costs for direct materials for the manufacture of 2,500 actual units of product are as follows: standard costs direct materials 2,500 kilograms at $8.50 actual costs direct materials 2,600 kilograms at $8.75 the direct materials quantity variance is

Direct material quantity variance= $850 unfavorable

Explanation:

Giving the following information:

The standard costs and actual costs for direct materials for the manufacture of 2,500 actual units of product are as follows: Standard Costs Direct materials 2,500 kilograms at $8.50 Actual Costs Direct materials 2,600 kilograms at $8.75

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Direct material quantity variance=(2,500 - 2,600)*8.5= $850 unfavorable

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explanation:

lbc corporation makes and sells a product called product wz. each unit of product wz requires 4.1 hours of direct labor at the rate of $20.00 per direct labor-hour. management would like you to prepare a direct labor budget for june. the company plans to sell 28,000 units of product wz in june. the finished goods inventories o