At the beginning of the year, a company had the following standard costs:
Budgeted
Direct materials 10 feet per unit
Direct materials $1.50 per foot
At year-end, they actually finished 10,000 units paying $1.60 per foot for the materials used and had a direct materials spending variance of $12,000 favorable.
What is the actual quantity all of the direct materials actually used?
100,000 feet
86,250 feet
not enough information given to calculate
138,000 feet