BOC Corporation is analyzing the direct material variances for its most popular product. The direct material is increasingly hard to find and the standard price per ounce of material is $6.45. The company actually had to pay $7.25 per ounce due to the lack of available vendors selling the material. BOC Corporation usually expects to use 1.25 ounces of material per unit; however, they actually used 1.10 ounces per unit. Given this information, BOC Corporation would expect to calculate a (n) : A) favorable direct material price and quantity variances. B) unfavorable direct material price variance and a favorable quantity variance. C) favorable direct material price variance and an unfavorable quantity variance. D) unfavorable direct material price and quantity variances.
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Home » Business » BOC Corporation is analyzing the direct material variances for its most popular product. The direct material is increasingly hard to find and the standard price per ounce of material is $6.45. The company actually had to pay $7.