(Answered) Question - oliver enterprises has collected the following

Accounting

Question - Oliver Enterprises has collected the following data for one of its products:

Direct materials standard (7 pounds per unit @ $0.41/lb.) $2.87 per finished good

Direct materials flexible budget variance - unfavorable - $15,000

Actual Direct Materials Used (AQU) - 37,000 pounds

Actual finished goods produced - 26,000 units

Required - How much is the direct materials quantity variance?

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