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2) Melissa Antiques Company has collected the following data for one of its products: Direct materials standard (4 pounds @ 1/lb.) $4 per unit Direct materials flexible budget variancelong dash—unfavorable $14,500 Actual direct materials used 100,000 pounds Actual units produced 19,000 units What is the direct materials efficiency variance?
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Question & Answer: Melissa Antiques Company has collected the following data for one of its products: Direct materials stan…..
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Direct materials efficiency variance = ( Standard quantity for actual production – Actual Quantity ) * Standard rate
= ( 19000 * 4 – 100000 ) * 1 = $ 24000 ( unfavourable )
