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Calculate the total direct material cost variance

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problem 1: Jap company produces a chair that requires 5 yards of material per unit. The standard price of one yard of material is $7.00. During this month 8,500 chairs were manufactured, using 40,000 yards at total cost of $288,000. The chair requires 2.50 standard hours per hours per unit at an hourly rate of $13.00 per hour. 8,500 units required 19,000 hours at total cost of $246,050. Calculate the total direct material cost variance.

a. 9,500 Unfavorable
b. 7,400 Favorable
c. 7,400 Unfavorable
d. 9,500 Favorable

Reference no: EM132783500

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