Use the following information for the questions to match with correct answers. Williams Company has developed the following standard costs for its product for 2016: WILLIAMS COMPANY Standard Cost Card Product A Cost Element Standard Quantity Standard Price - Standard Cost Direct materials 4 pounds Direct labor 3 hours Manufacturing overhead 3 hours $24 560 The company expected to produce 30,000 units of Product A in 2017 and work 90,000 direct labor hours. Actual results for 2017 are as follows: 31,000 units of Product A were produced. Actual direct labor costs were $746,200 for 91,000 direct labor hours worked. Actual direct materials purchased and used during the year cost $793,600 for 128,000 pounds. Actual variable overhead incurred was $100,000 and actual fixed overhead incurred was $165,000. 2. $18,50 6. $25,60 $14.50 $24,300 $14,000 $25,600 How much is materials quantity variance? 100 search