Question
The following materials standards have been established for a particular raw material used in the company's sole product: Standard quantity per unit of output.......... 0.5
The following materials standards have been established for a particular raw material used in the company's sole product:
| Standard quantity per unit of output.......... | 0.5 pound |
| Standard price............................................ | $16.60 per pound |
The following data pertain to operations concerning the product for the last month:
| Actual cost of materials............................. | $34,650 |
| Actual materials used in production.......... | 1,900 pounds |
| Actual output............................................. | 4,200 units |
What is the materials quantity variance for the month?
$3,320 F
$6,430 F
$3,110 U
$3,320 U
$3,110 F
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