Lido Company's standard and actual costs per unit for the most recent period, during which 500 units were actually produced, are given below:

All of the material purchased during the period was used in production during the period.

Question: Compute the Material quantity variance.

Standard Actual $300 $3.04 9.00 Materials Standard: 2 feet at $1.50 per foot. Actual: 1 9 feet at $1.60 per foot Direct labor Standard: 1.5 hours at $6.00 per hour. Actual: 1.7 hours at $6.30 per hour. Variable manufacturing overhead: Standard 1.5 hours at $3.40 per hour. Actual: 1.7 hours at $3.00 per hour Total unit cost 10.71 5.10 5.10 $17 10 $18.85