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The following materials standards have been established for a particular product: Standard quantity per unit of output 6 . 4 pounds Standard price $ 1
The following materials standards have been established for a particular product:
Standard quantity per unit of output pounds
Standard price $ per pound
The following data pertain to operations concerning the product for the last month:
Actual materials purchased pounds
Actual cost of materials purchased $
Actual materials used in production pounds
Actual output units
The direct materials purchases variance is computed when the materials are purchased.
What is the materials quantity variance for the month?
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