Based on the following information, calculate the direct materials quantity variance. $$\begin{array} { l l }
\text { Actual quantity } & 2,500 \text { pounds at } \$ 6.00 \
\text { Standard quantity } & 2,900 \text { pounds at } \$ 5.50
\end{array}$$ ?
A) $2,250 unfavorable
B) $2,200 favorable
C) $2,500 favorable
D) $2,700 unfavorable

Question

Based on the following information, calculate the direct materials quantity variance. $$\begin{array} { l l } 
\text { Actual quantity } & 2,500 \text { pounds at } \$ 6.00 \
\text { Standard quantity } & 2,900 \text { pounds at } \$ 5.50
\end{array}$$ ?
A) $2,250 unfavorable
B) $2,200 favorable
C) $2,500 favorable
D) $2,700 unfavorable

Quizplus · Accepted Answer

The direct materials quantity variance is calculated as (Standard Quantity - Actual Quantity) x Standard Price. Here, (2,900 - 2,500) x $5.50 = $2,200 favorable.

Based on the Following Information, Calculate the Direct Materials Quantity