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The following materials standards have been established for a particular product: Standard quantity per unit of output 6.8 metres Standard price $17.10 per metre The
The following materials standards have been established for a particular product:
Standard quantity per unit of output | 6.8 metres |
Standard price | $17.10 per metre |
The following data pertain to operations concerning the product for the last month:
Actual materials purchased | 9,000 metres |
Actual cost of materials purchased | $156,600 |
Actual materials used in production | 8,500 metres |
Actual output | 1,200 units |
What was the materials price variance for the month?
$2,550 favourable. | ||
$2,550 unfavourable. | ||
$2,700 favourable. | ||
$2,700 unfavourable. |
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