For the current period, Kayenta Company’s manufacturing operations yield a $3,00

Question

For the current period, Kayenta Company’s manufacturing operations yield a $3,000 unfavorable price variance on its direct materials usage. The actual price per pound of material is $80; the standard price is $79.50 per pound. How many pounds of material were used in the current period?

7. For the current period, Kayenta Company's manufacturing operations yield a $3,000 unfavorable price variance on its direct materials usage. The actual price per pound of material is $80; the standard price is $79.50 per pound. How many pounds of material were used in the current period? Actual pounds used pounds

Explanation / Answer

Direct material price variance = (Actual price - standard price) * Actual quantity

-$3000 = ($80 - $79.5) * Actual quantity

-3000 = 0.05 Actual quantity

Actual quantity = 60000

Actual pounds used 60000 pounds

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