Question

Wissota Co. has a material standard of 2 pounds per unit of output. Each pound has a standard price of $12 per pound. During February, Wissota Co. paid $57,220 for 4,840 pounds, which were all used to produce 2,400 units. What is the direct materials quantity variance? Select one: a. $480 Unfavorable b. $9,980 Favorable c. $9,120 Favorable d. $1,420 Unfavorable

Name: wissota co has a material standard of 2 pounds per unit of output each pound has a standard price of 12 per pound during february wissota co paid 57220 for 4840 pounds which were all used to 12583
Uploaded: 2022-05-27T07:13:52-08:00
Duration: 2 min 21 s
Channel: Aya Bianca Into
Description: wissota co has a material standard of 2 pounds per unit of output each pound has a standard price of 12 per pound during february wissota co paid 57220 for 4840 pounds which were all used to 12583

          Wissota Co. has a material standard of 2 pounds per unit of output. Each pound has a standard price of $12 per pound. During February, Wissota Co. paid $57,220 for 4,840 pounds, which were all used to produce 2,400 units. What is the direct materials quantity variance? Select one:
a. $480 Unfavorable
b. $9,980 Favorable
c. $9,120 Favorable
d. $1,420 Unfavorable

Added by Renee H.

Horngren’s Cost Accounting

Srikant M. Datar, Madhav V. Rajan 16th Edition

Instant Answer

Solved by Expert Aya Bianca Into

05/27/2022

Step 1

Step 1:** Calculate the standard quantity for actual output: Standard quantity per unit of output = 2 pounds Actual output = 2,400 units Standard quantity for actual output = 2 pounds/unit * 2,400 units = 4,800 pounds ** Show more…

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Wissota Co. has a material standard of 2 pounds per unit of output. Each pound has a standard price of $12 per pound. During February, Wissota Co. paid $57,220 for 4,840 pounds, which were all used to produce 2,400 units. What is the direct materials quantity variance? Select one: a. $480 Unfavorable b. $9,980 Favorable c. $9,120 Favorable d. $1,420 Unfavorable