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Estimate the direct materials quantity variance

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Question 1: Fletcher Company collected the following data regarding production of one of its products. Compute the direct materials quantity variance.

Direct materials standard (6 lbs. @ $2/lb.) $12 per finished unit

Actual direct materials used 230,900 lbs.

Actual finished units produced 38,000 units

Actual cost of direct materials used $459,390

Option 1: $5,800 unfavorable.

Option 2: $3,390 favorable.

Option 3: $2,410 unfavorable.

Option 4: $2,410 favorable.

Option 5: $3,390 unfavorable.

Reference no: EM132527559

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