Use this information to answer the question that follow. The following data relate to direct materials costs for February: Materials cost per yard: standard, $1.99; actual, $2.04 Standard yards per unit: standard, 4.70 yards; actual, 5.10 yards Units of production: 9,500 Calculate the direct materials quantity variance. a. $7,562.00 favorable b. $7,562.00 unfavorable c. $7,752.00 favorable d. $7,752.00 unfavorable

The following data relate to direct labor costs for the current period: Standard costs 7,300 hours at $11.80 Actual costs 6,400 hours at $10.00 The direct labor time variance is Oa. $10,620 unfavorable Ob. $9,000 favorable C. $9,000 unfavorable Od. $10,620 favorable

The following materials standards have been established for a particular product:     Standard quantity per unit of output   4.7 pounds Standard price $ 13.50 per pound     The following data pertain to operations concerning the product for the last month:     Actual materials purchased   5,250 pounds Actual cost of materials purchased $ 63,180   Actual materials used in production   4,750 pounds Actual output   730 units     The direct materials purchases variance is computed when the materials are purchased.   What is the materials quantity variance for the month?

Subject: acounting