Larry's Woodworks has collected the following data for its cutting board line of products: K Direct materials standard Direct materials standard cost Actual Direct Materials Used (AQU) Actual finished goods purchased What is the direct materials quantity variance? 10 pounds per unit $0.54 per pound 40,000 pounds 4,100 units OA. $17,860 unfavorable OB. $17,860 favorable OC. $540 unfavorable OD. $540 favorable
Larry's Woodworks has collected the following data for its cutting board line of products: K Direct materials standard Direct materials standard cost Actual Direct Materials Used (AQU) Actual finished goods purchased What is the direct materials quantity variance? 10 pounds per unit $0.54 per pound 40,000 pounds 4,100 units OA. $17,860 unfavorable OB. $17,860 favorable OC. $540 unfavorable OD. $540 favorable
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Larry's Woodworks has collected the following data for its cutting board line of products:
K
Direct materials standard
Direct materials standard cost
Actual Direct Materials Used (AQU)
Actual finished goods purchased
What is the direct materials quantity variance?
10 pounds per unit
$0.54 per pound
40,000 pounds
4,100 units
OA. $17,860 unfavorable
OB. $17,860 favorable
OC. $540 unfavorable
OD. $540 favorable
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