ABC, Inc., manufactures a single product. The standard cost sheet for this product reflects the...
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Accounting
ABC, Inc., manufactures a single product. The standard cost sheet for this product reflects the following:
Direct material
13 per unit
Standard material cost
$0.56 per ounce of material
In the last quarter, the company manufactured 3,049 units of this product. Below is information related to the preparation of these 3049 units:
Total of material used in manufacturing
43600.7 ounces
Actual material cost
$0.45 per hour
REQUIRED: Determine the variation in QUANTITY of materials. If the variation is favorable the response must be positive (example 100) and if it is unfavorable the response must be negative (example -100). YOU MAY USE TWO DECIMALS IN YOUR ANSWER.
Answer:
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