Solved: Determine the direct-material quantity variance, Cost Accounting

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Determine the direct-material quantity variance

Response to the following problem:

The following data relate to product no. 89 of Des Moines Corporation:

Direct material standard: 5 square feet at $3.30 per square foot

Direct material purchased: 37,000 square feet at $3.60 per square foot

Direct material consumed: 36,400 square feet

Manufacturing activity: 7,200 units completed

Assume that the company computes variances at the earliest point in time.

A)The direct-material quantity variance is ?

B)The direct-material price variance is ?

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Cost Accounting: Determine the direct-material quantity variance

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Cost Accounting: Determine the direct-material quantity variance

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