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TIMED TEST: The following materials standards have been established for a particular product: Standard quantity per unit of output 5.1 pounds Standard price $ 13.90
TIMED TEST:
The following materials standards have been established for a particular product:
Standard quantity per unit of output | 5.1 | pounds | |
Standard price | $ | 13.90 | per pound |
The following data pertain to operations concerning the product for the last month:
Actual materials purchased | 5,850 | pounds | |
Actual cost of materials purchased | $ | 63,580 | |
Actual materials used in production | 5,350 | pounds | |
Actual output | 770 | 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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