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Please help me to solve this Question!!! Assume the following: The standard price per pound is $2.10. The standard quantity of pounds allowed per unit
Please help me to solve this Question!!!
Assume the following:
- The standard price per pound is $2.10.
- 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 50,100 pounds.
- 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?
Multiple Choice
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$3,990 F
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$6,525 F
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$4,275 F
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$6,090 F
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