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The following materials standards have been established for a particular product: Standard quantity per unit of output 8.9 Pounds Standard price $15.90 per pound The

The following materials standards have been established for a particular product:

Standard quantity per unit of output 8.9 Pounds
Standard price $15.90 per pound

The following data pertain to operations concerning the product for the last month:

Actual materials purchased 7,000 Pounds
Actual cost of materials purchased $94,700
Actual materials used in production 6,300 Pounds
Actual output 1,500 Units

What is the materials quantity variance for the month?

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