The following information summarizes the standard cost for producing one metal t
ID: 2589774 • Letter: T
Question
The following information summarizes the standard cost for producing one metal tennis racket frame at Spaulding Industries. In addition, the variances for one month's production are given. Assume that all inventory accounts have zero balances at the beginning of the month.
What was the actual quantity of materials used during the month?
Standard Cost Per Unit Standard Monthly Costs Materials $ 4.50 $ 9,900 Direct Labor 3 hrs. @ $3.00 9.00 18,000 Factory Overhead: Variable 1.80 3,600 Fixed 6.50 13,000 $ 21.80 $ 44,500Explanation / Answer
Material quantity variance = SR*(AQ-SQ) 540=4.5*AQ-9900 10440 = 4.5*AQ AQ = 2320 Actual quantity of materials used during the month=2320
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.