A company uses the following standard costs to produce a single unit of output. During the latest month, the company pur

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answerhappygod
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A company uses the following standard costs to produce a single unit of output. During the latest month, the company pur

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A company uses the following standard costs to produce a singleunit of output.
During the latest month, the company purchased and used 47,000pounds of direct materials at a price of $1.00 per pound to produce10,000 units of output. Direct labor costs for the month totaled$13,528 based on 1,780 direct labor hours worked. Variablemanufacturing overhead costs incurred totaled $3,200 and fixedmanufacturing overhead incurred was $19,000. Based on thisinformation, the direct materials quantity variance for the monthwas:
$9,400 favorable
$2,000 favorable
$2,400 favorable
$9,400 unfavorable
$2,400 unfavorable
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