COST ACCOUNTING
STANDARD COSTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The standards costs per unit for direct materials are 2 gallons at RM4 per gallon. Last month, 11, 200 gallons of direct materials that actually cost RM42, 400 were used to produce 6, 000 units of product. The direct materials quantity variance for last month was
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RM3, 200 favorable.
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RM2, 400 favorable.
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RM3, 200 unfavorable.
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RM5, 600 favorable.
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Explanation:
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