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Total cost of purchasing material: $80,000 Number of material pounds used in production:9,500 Number of units produced: 400 Number of material pounds purchased: 6,000 The

Total cost of purchasing material: $80,000

Number of material pounds used in production:9,500

Number of units produced: 400

Number of material pounds purchased: 6,000

The company has established these standards:

Price per pound of materials: $12.00

Number of pounds of material to produce one unit: 25

What is the materials quantity variance?

I need a really good breakdown, don't know where to start here.

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