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TB MC Qu. 10-72 (Algo) The following materials standards have been ... The following materials standards have been established for a particular product: Standard quantity
TB MC Qu. 10-72 (Algo) The following materials standards have been ...
The following materials standards have been established for a particular product:
Standard quantity per unit of output | 6.3 | pounds |
---|---|---|
Standard price | $15.10 | per pound |
The following data pertain to operations concerning the product for the last month:
Actual materials purchased | 7,650 | pounds |
---|---|---|
Actual cost of materials purchased | $64,780 | |
Actual materials used in production | 7,150 | pounds |
Actual output | 890 | units |
The direct materials purchases variance is computed when the materials are purchased.
What is the materials quantity variance for the month?
Multiple Choice
$13,066 U
$7,550 U
$4,234 U
$23,299 U
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