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I need help computing the material quantity variance of this problem: The total problem with all information is Imputs standard quantity or hrs standard price
I need help computing the material quantity variance of this problem: The total problem with all information is Imputs standard quantity or hrs standard price or rate standard cost per unit direct materials 6.9 liters $5.00 per liter $34.50 direct labor 0.3 hours $17.00 per hour $5.10 variable overhead 0.3 hours $6.00 per hour $1.80 originally budgeted output is 8600 units actual output is 8400 units raw materials used in production is 58,330 liters actual direct labor hours are 2310 hours purchases of raw materials are 62,500 liters actual price of raw materials is $4.90 per liter actual direct labor rate is $17.10 per hour actual variable overhead rate is $5,50
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