please show work Question 14 (10 points) Given the following information,...
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Question 14 (10 points) Given the following information, calculate the direct materials quantity variance for the period: STANDARD INFORMATION: It takes 5.25 ounces of pigment to make 1 gallon of paint. Pigment costs $0.85 per ounce. ACTUAL RESULTS: During the period, the company made 500,000 gallons of paint. To do this, the company actually used 2,500,000 ounces of pigment. The company paid a total of $1,837,500 for the pigment used. Calculate the quantity variance for pigment
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