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Question - Jackson Industries has collected the following data for one of its products:
Direct materials standard (6 pounds per unit @ $0.55/lb.) $3.30 per finished good
Direct materials flexible budget varianceminus -unfavorable $12,000
Actual Direct Materials Used (AQU) 35,000 pounds
Actual finished goods produced 26,000 units
How much is the direct materials quantity variance?
A. $78,550 unfavorable
B. $78,550 favorable
C. $27,940 unfavorable
D. $66,550 favorable
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