Tarantula Corporation planned to use 2 yards of fabric per finished goods unit budgeted at...
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Accounting
Tarantula Corporation planned to use 2 yards of fabric per finished goods unit budgeted at $98 a yard. However, the fabric actually cost $96 per yard. The company actually made 3,200 units, although it had planned to make 3,700 units. Total yards used for production were 6,690. How much is the total materials variance?
$41,220 Unfavorable
$15,040 Favorable
$41,220 Favorable
$54,780 Favorable
$15,040 Unfavorable
$54,780 Unfavorable
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