JAX Inc. In early 2012, JAX Inc. had budgeted for the production and sales of 5,000 units at a sales price of $15 per unit. The following information is available regarding the standard cost for each unit:
Actual results for 2012 were determined to be as follows:
Refer to the JAX Inc. information above. What was JAX Inc.'s direct materials usage variance for 2012?
Definitions:
Expansion Project
A business initiative aimed at increasing the scale of its operations, typically through new product lines or geographic markets.
Top-down Approach
Investment strategy that starts with global outlook and macroeconomic analysis before analyzing specific sectors and companies.
Operating Cash Flow
A measure of the amount of cash generated by a company's normal business operations.
Annual Sales
The total revenue a company generates from its operations over the course of a year.
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