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The following materials standards have been established for a particular product: Standard quantity per unit of output.. 1.0 pounds Standard price $16.60 per pound The
The following materials standards have been established for a particular product:
Standard quantity per unit of output.. 1.0 pounds
Standard price $16.60 per pound
The following data pertain to operations concerning the product for the last month:
Actual materials purchased 2,200 pounds
Actual cost of materials purchased $34,650
Actual materials used in production.. 1,900 pounds
Actual output. 2,100 units
What is the materials quantity variance for the month?
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