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rewona [7]
3 years ago
7

Devon Company has collected the following data for one of its​ products: Direct materials standard​ (4 pounds​ @ $1/lb.) ​$4 per

unit Direct materials flexible budget variancelong dash—unfavorable ​$15,000 Actual direct materials used ​103,000 pounds Actual units produced ​22,000 units What is the direct materials efficiency​ variance?
Business
1 answer:
BabaBlast [244]3 years ago
4 0

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Direct materials standard​ (4 pounds​ @ $1/lb.) ​$4 per unit

Direct materials flexible budget variance—unfavorable ​$15,000

Actual direct materials used ​103,000 pounds

Actual units produced ​22,000 units

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Direct material quantity variance= (22,000*4 - 103,000)*1= $15,000 unfavorable

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