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Assume the following: The standard price per pound is $2.15. The standard quantity of pounds allowed per unit of finished goods is 4 pounds. The
Assume the following: The standard price per pound is $2.15. The standard quantity of pounds allowed per unit of finished goods is 4 pounds. The actual quantity of materiais purchased and used in production is 50,500 pounds. The actual purchase price per pound of materials was $225. . The company produced 13,000 units of finished goods during the period. What is the materials quantity variance? Multiple Choice $3,375 U $3,225 F $3.375 F
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