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Ar the beginning of October, Nelson Inc, detemined the following for a particular product Standard Quantity of material per unit produced 10.0 lbs. Standard Price
Ar the beginning of October, Nelson Inc, detemined the following for a particular product Standard Quantity of material per unit produced 10.0 lbs. Standard Price of material 2.00 per Ib. Budgeted Units to be produced 6,000 units The following data pertain to operations concerning the product for October: Actual Cost of materials purchased $ 150,000 Beginning Materials Inventory 1,500 lbs. Ending Materials Inventory 2,500 lbs Actual Units Produced 8,000 units Materials Purchase Price Variance $ 15,000 Favorable 17 What was the Materials Quantity Variance for October? $3,000 Unfavorable B $5,000 Unfavorable C $15,000 Unfavorable D. $27,000 Favorable E None of the above
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