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The following materials standards have been established for a particular product: Standard quantity per unit of output 4.9 pounds Standard price $ 13.70 per pound
The following materials standards have been established for a particular product:
Standard quantity per unit of output | 4.9 | pounds | |
Standard price | $ | 13.70 | per pound |
The following data pertain to operations concerning the product for the last month:
Actual materials purchased | 5,550 | pounds | |
Actual cost of materials purchased | $ | 63,380 | |
Actual materials used in production | 5,050 | pounds | |
Actual output | 750 | 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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$5,710 U
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$15,702 U
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$18,838 U
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$6,850 U
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