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Business, 08.04.2021 15:50 vickygloom

Gv9d-Y2b Company has the following direct material standards for its single product: standard quantity standard price direct materials 20 pounds per unit $0.40 per pound During May, Gv9d-Y2b Company produced 2,928 units. Gv9d-Y2b had no beginning inventories of any type for May. Gv9d-Y2b Company purchased 94,170 pounds of direct materials at a cost of $0.38 per pound during May. At May 31, Gv9d-Y2b's direct materials inventory consisted of 6,580 pounds of direct materials. Calculate Gv9d-Y2b Company's direct material quantity variance for May. If the variance is favorable, place a minus sign in front of your answer (i. e., -5000). If the variance is unfavorable, simply enter your answer as a number (i. e., 5000).

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