Hushovd iron works has collected the following data for its thunderbolt line of products: direct materials standard10 pounds per unitdirect

Hushovd iron works has collected the following data for its thunderbolt line of products: direct materials standard10 pounds per unitdirect materials standard cost$0.75 per poundactual direct materials used40,000 poundsactual finished goods produced4,500 unitswhat is the direct materials quantity variance? a) $3,750 unfavorableb) $3,750 favorablec) $6,750 unfavorabled) $6,750 favorable

Answers

Direct material quantity variance= 3746.25 pounds (favorable)

Explanation:

Giving the following information:

Direct materials standard 10 pounds per unit.

Direct materials standard cost $0.75 per pound.

Actual direct materials used 40,000 pounds.

Actual finished goods produced 4,500 units.

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

Direct material quantity variance= (10-8.89)*0.75= 0.8325*4500units= 3746.25 pounds (favorable)

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