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Perez, Inc. recently completed 61,000 units of a product that was expected to consume four...

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Accounting

Perez, Inc. recently completed 61,000 units of a product that was expected to consume four pounds of direct material per finished unit. The standard price of the direct material was $9.50 per pound. If the firm purchased and consumed 247,000 pounds in manufacturing (cost = $2,295,600), the direct-material quantity variance would be figured as:

Multiple Choice:

$28,500 U.

$28,500 F.

$50,900 U.

$50,900 F.

None of the answers is correct.

Answer & Explanation Solved by verified expert
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