Reference no: EM132962661
Question - Robin's Ribbons makes giant bows for customers to put on new cars. The following is information regarding standard costs for Robin's Ribbons.
Direct Materials (15 yards of ribbon @ $1.30 per yard) $19.50
Direct Labor (1.5 hours @ $10/hour) 15.00
Variable Manufacturing Overhead (1.5 hours @ $0.60/hour) 0.90
Total Standard Variable Cost per unit $35.40
During December 2020, Robin's Ribbons sells 200 giant bows. Actual costs incurred in making the bows are as follows:
Materials Purchased: 3,200 yards @ $1.20/yard $3,840
Materials Used: 2,960 yards
Direct Labor: 280 hours @ $12/hour 3,360
Variable Manufacturing Overhead: 154
Required - What is the Direct Materials Quantity Variance?
A. $52 Favorable
B. $48 Favorable
C. $48 Unfavorable
D. $52 Unfavorable
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