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The following materials standards have been established for a particular product: Standard quantity per unit of output 8.6 Pounds Standard price $15.70 per pound The
| The following materials standards have been established for a particular product: |
| Standard quantity per unit of output | 8.6 | Pounds |
| Standard price | $15.70 | per pound |
The following data pertain to operations concerning the product for the last month:
| Actual materials purchased | 6,960 | Pounds |
| Actual cost of materials purchased | $94,400 | |
| Actual materials used in production | 6,260 | Pounds |
| Actual output | 1,450 | Units |
| What is the materials quantity variance for the month? |
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Research Methods And Audit In General Practice
Authors: David Armstrong, John Grace
1st Edition
0192624547, 978-0192624543
