What is the direct material quantity variance

Assignment Help Financial Accounting

Reference no: EM13794313

Richardson Company has the following information available:

Budgeted cost of direct materials at 525,000 units

$ 525,000

Budgeted cost of direct materials at 500,000 units

$ 500,000

Actual cost of direct materials at 525,000 units

$ 603,750

Actual level of output (units)

525,000

Planned level of output (units)

500,000

What is the direct material quantity variance?

$78,750 Unfavorable

$25,000 Favorable

$25,000 Unfavorable

$78,750 Favorable

Reference no: EM13794313

Questions Cloud

Does language shape your identity : Does language shape your identity? How so? Why? Or Why not? What things about you or your personality change from one of your languages to another?

Assume straight-line depreciation is used : Fairbanks Company is considering the following investment: Assume straight-line depreciation is used. Ignore income taxes. The net present value of the investment is

Included in a discounted cash flow analysis : If taxes are ignored, all of the following items are included in a discounted cash flow analysis except:

Examine stratification in the united states and worldwide : Examine stratification in the United States and worldwide.Directions: Answer the questions below in no less than one page and no more than two pages. The assignment should be submitted on Microsoft Word with default margins, using 12 point Times New ..

What is the direct material quantity variance : Budgeted cost of direct materials-What is the direct material quantity variance?

Write an informal business proposal memo : Write an informal business proposal memo. Your company is interested in venturing into the world of social media as part of a growth strategy.

Actual results to a budget based on the actual activity : Comparing actual results to a budget based on the actual activity for the period is possible with the use of a:

Top-three fears in competing in the global market : As the CFO, describe your top-three fears in competing in the global market, and how you plan to overcome those fears. Provide support for your rationale.

Analyze coca-cola and its relationship with its environment : Choose two of the four organisational theory perspectives and discuss how and why they provide us with alternative ways of understanding and analysing Coca-Cola and its relationship with its organisational environment.

User Account

All Pages