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urgent please Assume the following: - The standard price per pound is $2.00. - The standard quantity of pounds allowed per unit of finished goods
urgent please
Assume the following: - The standard price per pound is $2.00. - The standard quantity of pounds allowed per unit of finished goods is 4 pounds. - The actual quantity of materials purchased and used in production is 50,100 pounds. - The actual purchase price per pound of materials was $2.25. - The company produced 13,000 units of finished goods during the period. What is the materials quantity variance? Multiple Choice $4,275F $4,275U Assume the following: - The standard price per pound is $2.00. - The standard quantity of pounds allowed per unit of finished goods is 4 pounds. - The actual quantity of materials purchased and used in production is 50,100 pounds. - The actual purchase price per pound of materials was $2.25. - The company produced 13,000 units of finished goods during the period. What is the materials quantity variance? Multiple Choice $4,275F $4,275U Step by Step Solution
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