Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following materials standards have been established for a particular product: Standard quantity per unit of output 5.3 pounds Standard price $ 14.10 per pound

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

Standard quantity per unit of output 5.3 pounds
Standard price $ 14.10 per pound

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

Actual materials purchased 6,150 pounds
Actual cost of materials purchased $ 63,780
Actual materials used in production 5,650 pounds
Actual output 790 units

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

What is the materials quantity variance for the month?

A. 15,172 U

B. 20,628 U

C. 7,050 U

D. 5,185 U

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Principles

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

9th Edition

978-0470317549, 9780470387085, 047031754X, 470387084, 978-0470533475

More Books

Students also viewed these Accounting questions