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What the direct materials quantity variance is

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Reference no: EM132973570

Problem 1: Georgia, Inc. has collected the following data on one of its products. The direct materials quantity variance is:

Direct materials standard (5 lbs @ $1/lb) $5per finished unit

Total direct materials cost variance-unfavorable $15,750

Actual direct materials used 150,000lbs.

Actual finished units produced 25,000units

Multiple Choice

Option 1: $9,250 favorable.
Option 2: $25,000 unfavorable.
Option 3: $25,000 favorable.
Option 4: $15,750 favorable.
Option 5: $15,750 unfavorable.

Reference no: EM132973570

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