Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The following materials standards have been established for a particular product: Standard quantity per unit of output 1.7 meters Standard price $19.80 per meter The
The following materials standards have been established for a particular product:
Standard quantity per unit of output | 1.7 | meters |
Standard price | $19.80 | per meter |
The following data pertain to operations concerning the product for the last month:
Actual materials purchased | 5,800 | meters |
Actual cost of materials purchased | $113,680 | |
Actual materials used in production | 5,100 | meters |
Actual output | 3,200 | units |
What is the materials quantity variance for the month?
Question options:
$13,720 U | |
$6,732 F | |
$13,860 U | |
$6,664 F |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started