Question

Bradford company budgeted 4,000 pounds of material costing $5.00 per pound to produce 2,000 units. the company actually used 4,500 pounds that cost $5.10 per pound to produce 2,000 units. what is the direct materials quantity variance

Answer 1

Budgeted direct materials quantity
4000 pounds

Actual direct materials quantity
4500 pounds

Direct materials quantity variance
4500-4000=500 pounds ( underapplied)