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

Standard quantity per unit of output 6.2

poundsStandard price $15.00per pound

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

Actual materials purchased 7,500pounds

Actual cost of materials purchased $64,680

Actual materials used in production 7,000pounds

Actual output880units

The direct materials purchases variance is computed when the materials are purchased.

What is the materials quantity variance for the month?

Multiple Choice

• $4,312 U
• $13,315 U
• $23,160 U
• $7,500 U