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Gazelle Company has the following materials standards have been established for a particular product: Standard quantity per unit of output 2.5 meters Standard price $
Gazelle Company has the following materials standards have been established for a particular product:
Standard quantity per unit of output | 2.5 | meters |
Standard price | $ 20.00 | per meter |
The following data pertain to operations concerning the product for the last month:
Actual materials purchased | 4,000 | meters |
Actual cost of materials purchased | $ 120,000 | |
Actual materials used in production | 3,750 | meters |
Actual output | 4,100 | units |
What is the materials quantity variance for the month?
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