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Question

Devoto Inc. has provided the following data concerning one of the products in its standard cost system. Inputs

Standard Quantity or Hours per Unit of Output

Standard Price or Rate

Direct materials

6.6 grams

$7.70 per gram

 

-

 

The company has reported the following actual results for the product for June:

 

 

 

Actual output

 

9,200

units

Raw materials purchased

 

64,500

grams

Actual cost of raw materials purchased

$

548,250

 

Raw materials used in production

 

60,710

grams

 

-

 

The raw materials quantity variance for the month is closest to:


Select one:

a. $77 F

b. $77 U

c. $85 F

d. $85 U

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Subject: Accounting, Business
Devoto Inc. has provided the following data concerning one of the products in its standard cost system. Inputs Standard Quantity or Hours per Unit of...
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