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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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