Scarlett Company has a direct materials standard of 3 gallons of input at a standard...
90.2K
Verified Solution
Link Copied!
Question
Accounting
Scarlett Company has a direct materials standard of 3 gallons of input at a standard price of $5.00 per gallon. During July, Scarlett Company purchased and used 7,500 gallons at an actual price of $4.60 to produce 2,450 units of product. What is the direct materials quantity variance? Multiple Choice $750 unfavorable $750 favorable $3,000 favorable $690 unfavorable
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
