Todco planned to produce 3,000 units of its single product, Teragram, during Nov

Question

Todco planned to produce 3,000 units of its single product, Teragram, during November. The standard specifications for one unit of Teragram include six pounds of material at $0.30 per pound. Actual production in November was 3,100 units of Teragram. The accountant computed a favorable materials purchase price variance of $380 and an unfavorable materials quantity variance of $120.

Required:
a. Based on these data, calculate how many pounds of material were used in the production of Teragram during November.

Explanation / Answer

Hi, Please find the answer as follows: The actual cost of materials was less than the standard cost of materials. Thanks,

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