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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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