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Assume the following: - The standard price per pound is $2.35. - The standard quantity of pounds allowed per unit of finished goods is 4
Assume the following: - The standard price per pound is $2.35. - The standard quantity of pounds allowed per unit of finished goods is 4 pounds. - The actual quantity of materials purchased was 53.000 pounds, whereas the quantity of materials used in production was 50,800 poun - The actual purchase price per pound of materials was $2.25. - The company produced 13,000 units of finished goods during the period. What is the materials quantity variance? Multipte Choice $2,820F 52700F $5970%
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