Mal-MAT THEWFLOY -> O ? |O eztonteducationcom.hm.tpx Home-BankMoble??UltiPro M G

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Mal-MAT THEWFLOY -> O ? |O eztonteducationcom.hm.tpx Home-BankMoble??UltiPro M Gmail Equifax portal ? Power Bill ini Linkedin office t University 2.00 points Epley Corporation makes a product with the following standard costs Standard Price or Rate $7.00 per pound 12.00 per hour $6.00 per hour Standard Quantity or Hours Direct maternals Direct labor 2.0 pounds 1 6 hours 16 houTS Varnable overhead In July the company produced 5,000 units using 10,340 pounds of the direct material and 2.320 direct labor- hours. During the month, the company purchased 10 The actual direct labor cost was $38,244 and the actual veriable overheed cost was $11,945 The company applies variable overhead on the basis of direct labor-hours. The direct matertals purchases variance is computed when the materials are purchased ,910 pounds of the direct material at à cost of $76,790 The materials quentity variance for July Is. O $280 U O $420 F O $2.380 u O $280 F O Type here to search 12

Explanation / Answer

Material Quantity Variance for the month of July will be calculated as follows :-

= (Standard Quantity to be used for actual production - Actual Quantity used) * Standard Price per unit

= (5000units produced * 2 pounds - 10,340 pounds) * $7 per pound

= $2380 (unfavorable).

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