In June, Crane Manufacturing purchased 6200 gallons of blue dye used to produce stone-washed denim...
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Accounting
In June, Crane Manufacturing purchased 6200 gallons of blue dye used to produce stone-washed denim clothing. The price per gallon was $1.21 and the company used 5600 gallons of the dye during the month to produce 44240 yards of dyed denim fabric. The standard allows for 8 yards of fabric per gallon of dye. The standard price for the dye is $1.24. What is the materials quantity variance for Crane for June?
$168 unfavorable
$86.80 unfavorable
$86.80 favorable
$168 favorable
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