Using the standard costs of $5 per pound for a 10 pound bag of chocolate and the following actual cost and usage data,compute the direct materials quantity variance.
$\begin{array}{ll}
\text { Direct labor hours used } & 4,950 \text { hours } \
\text { Total cost of direct labor } & \$ 53,460 \
\text { Number of good units produced } & 9,000 \text { units }
\end{array}$

Question

Using the standard costs of $5 per pound for a 10 pound bag of chocolate and the following actual cost and usage data,compute the direct materials quantity variance.
 $\begin{array}{ll}
\text { Direct labor hours used } & 4,950 \text { hours } \
\text { Total cost of direct labor } & \$ 53,460 \
\text { Number of good units produced } & 9,000 \text { units }
\end{array}$

Quizplus · Accepted Answer

The Answer of Using the standard costs of $5 per pound for a 10 pound bag of chocolate and the following actual cost and usage data,compute the direct materials quantity variance.
 $\begin{array}{ll}
\text { Direct labor hours used } & 4,950 \text { hours } \
\text { Total cost of direct labor } & \$ 53,460 \
\text { Number of good units produced } & 9,000 \text { units }
\end{array}$

Using the Standard Costs of $5 Per Pound for a 10