Michael Corporation manufactures railroad cars, which is its only product. The standards for the railroad cars are as follows: Standard tons of direct material (steel) per car 22 Standard cost per ton of steel $ 16.00$16.00 During the month of March, the company produced 1 comma 5001,500 cars. Related production data for the month follows: Actual materials purchased and used (tons) 7 comma 0007,000 Actual direct materials total cost $ 118 comma 000$118,000 What is the direct materials quantity variance for the month?
+4
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Michael Corporation manufactures railroad cars, which is its only product. The standards for the railroad cars are as follows: Standard ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Home » Business » Michael Corporation manufactures railroad cars, which is its only product. The standards for the railroad cars are as follows: Standard tons of direct material (steel) per car 22 Standard cost per ton of steel $ 16.00$16.