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The following materials standards have been established for a particular product: Standard quantity per unit of output 6.3 grams Standard price $10.50 per gram The
The following materials standards have been established for a particular product:
Standard quantity per unit of output | 6.3 | grams |
Standard price | $10.50 | per gram |
The following data pertain to operations concerning the product for the last month:
Actual materials purchased | 8,000 | grams |
Actual cost of materials purchased | $108,000 | |
Actual materials used in production | 7,700 | grams |
Actual output | 1,120 | units |
What is the materials quantity variance for the month?
$8,694 U
$4,050 U
$6,762 U
$9,390 U
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