Devon company has collected the following data for one of its products:

direct materials standard (4 pounds @ $1/lb.) $4 per unit
direct materials flexible budget variance-unfavorable $15,000
actual direct materials used 103,000 pounds
actual units produced 22,000 units

what is the direct materials efficiency variance?

$60,000 U

Explanation:

Given:

Direct materials standard  (4 pounds @ $1/lb.) = $4 per unit

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

Actual direct materials used = 103,000 pounds

Actual units produced = 22,000 units

Now,

Direct materials efficiency variance

= (Actual material - Standard material ) × Standard price

= ( 103,000 - 22,000 × 4 ) × $4

= 15,000 × $4

= $60,000 U

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