Can someone please help me with this? AL OL lo /6 7/3 8 5 1la 1l9 9 Chapter 11 N

Question

Can someone please help me with this?

AL OL lo /6 7/3 8 5 1la 1l9 9 Chapter 11 Name: Jackson Industries has collected the following data for one of its products: 53.30 per finished good Direct materials standard (6 pounds per unit @ $0.55/4b.) Direct materials flexible budget variance-unfavorable 12,000 Actual Direct Materials Used (AQU) 5,000 pounds Actual finished goods produced 26,000 units 1. What is the total actual cost of the direct materials used? 2 What is the actual cost of the Direct Materials Used (AQU) per pound? 3.How much is the direct materials quantity variance?

Explanation / Answer

Actual cost of direct materials used

given direct material flexible budget variance is 12000 unfavourable

actually to be incurred is 26000units*$3.3 = $85800

add:unfavourable variance $12000

Actual cost of direct materials used $97800

direct material used per pound is 97800/35000 pounds = 2.794

direct material variance (actual qty usage - standard qty usage) x standard cost per unit

(35000 - 26000*6) x $3.3 = 399300

the difference amount is very huge

i think the question is wrong

please check the question once

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