Cox companys direct material costs for the month of january, Ask an Expert

Accounting

Cox Company's direct material costs for the month of January were as follows:

Actual quantity purchased 18,000 kilograms
Actual unit purchase price $ 3.60 per kilogram
Materials price variance--
unfavorable (based on purchases) $ 3,600
Standard quantity allowed
for actual production 16,000 kilograms
Actual quantity used 15,000 kilograms

For January what was a favorable direct material quantity variance ?

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Accounting Basics, Accounting

Category:- Accounting Basics
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