Baskets inc. gathered the following actual results for the current month: actual amounts: units produced 5600 direct materials purchased and used (7800 lbs.) $70,200 budgeted production and standard costs were: budgeted production 5300 units direct materials 2.0 lbs/unit at $3/lb. what is the direct materials quantity variance?

Direct Material Quantity Variance = $10200 Fav

Explanation:

given data

Units produced =  5600

Direct materials purchased and used (7800 lbs.) = $70,200

Budgeted production = 5300 units

Direct materials 2.0 lbs/unit =  $3/lb

to find out

direct materials quantity variance

solution

we get here Direct Material Quantity Variance that is express as

Direct Material Quantity Variance = (Standard Quantity - Actual Quantity) × Standard Rate     1

so put here value we get

Direct Material Quantity Variance = ( 5600 × 2.0 - 7800 ) × 3

Direct Material Quantity Variance = (11200 - 7800 ) × 3

Direct Material Quantity Variance = $10200 Fav

i just took the test and it is financing

answer; ///(d); determining who competes most closely   with whom evaluating whether industry driving forces and competitive pressure favor some strategic groups and hurt others, and ascertaining whether the profit potential of different strategic groups varies due to the strengths and weaknesses in each groups respective market positions;