Vaughn produces 5-foot USB cables. During the past year, the company purchased 175,000 feet of plastic-coated wire at a price of $ 0.30 per foot. The direct materials standard for the cables allows 6 feet of wire at a standard price of $ 0.34 per foot. During the year, the company used a total of 193,000 feet of wire to produce 34,000 5-foot cables. Calculate Vaughn' s direct materials quantity variance for the year. $ Direct material quantity variance Favorable
Vaughn produces 5-foot USB cables. During the past year, the company purchased 175,000 feet of plastic-coated wire at a price of $ 0.30 per foot. The direct materials standard for the cables allows 6 feet of wire at a standard price of $ 0.34 per foot. During the year, the company used a total of 193,000 feet of wire to produce 34,000 5-foot cables. Calculate Vaughn' s direct materials quantity variance for the year. $ Direct material quantity variance Favorable
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter9: Evaluating Variances From Standard Costs
Section: Chapter Questions
Problem 5E: De Soto Inc. produces tablet computers. The company uses Thin Film Crystal (TFC) LCD displays for...
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