Question
The following materials standards have been established for a particular product: Standard quantity per unit of output 5.0 meters Standard price $ 17.70 per meter
The following materials standards have been established for a particular product:
| Standard quantity per unit of output | 5.0 | meters | |
| Standard price | $ | 17.70 | per meter |
The following data pertain to operations concerning the product for the last month:
| Actual materials purchased | 7,900 | meters | |
| Actual cost of materials purchased | $ | 143,780 | |
| Actual materials used in production | 7,400 | meters | |
| Actual output | 1,450 | units | |
What is the materials price variance for the month?
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Practical Guide To Auditing SAP Systems
Authors: Martin Metz, Sebastian Mayer
1st Edition
3960126409, 978-3960126409
