Copper Burgers sells burgers with 0.5 lb meat on each burger. They expected to buy meat a $2.45/lb, but actually ended up paying $3.35/lb. They made 100 burgers this week, and actually used 52 lbs of meat. Calculate the Direct Materials Quantity Variance

Direct material quantity variance= $4.9 unfavorable

Explanation:

Giving the following information:

Copper Burgers sells burgers with 0.5 lb meat on each burger. They expected to buy meat a $2.45/lb.

They made 100 burgers this week, and used 52 lbs of meat.

To calculate the direct material quantity variance, we need to use the following formula:

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

Standard quantity= 0.5*100= 50

Direct material quantity variance= (50 - 52)*2.45

Direct material quantity variance= $4.9 unfavorable

urban company reports the following information regarding its production cost: units produced 37,000 units direct labor $ 30 per unit direct materials $ 35 per unit variable overhead $ 237,000 in total fixed overhead $ 127,000 in total

answer; descriptive statistics;