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Use the following to answer questions 11-13: Stiner Company has a materials price standard of $2.00 per pound. Five thousand pounds of materials were purchased
Use the following to answer questions 11-13: Stiner Company has a materials price standard of $2.00 per pound. Five thousand pounds of materials were purchased at $2.20 a pound. The actual quantity of materials used was 5,000 pounds, although the standard quantity allowed for the output was 4,500 pounds. 11. Stiner Company's materials price variance is A) $1,000 U. B) $100 U. C) $1,000 F. D) $900 U. 12. Stiner Company's total materials variance is A) $2,100 F. B) $2,000 F. C) $2,000 U. D) $2,100 U. 13. Stiner Company's materials quantity variance is A) $1,000 F. B) $1,000 U. C) $1,100 U. D) $1,100 F. 14. An unfavorable labor quantity variance may be caused by A) worker fatigue or carelessness. B) misallocation of workers. C) higher pay rates mandated by union contracts. D) paying workers higher wages than expected
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