1. Ventura uses a just-in-time (JIT) manufacturing system for all its materials, components, and products. The master budget of the company for June called for use of 12,200 square feet of materials, while the flexible budget for the actual output of the month had 11,200 square feet of materials at a standard cost (SP) of $12.00 per square foot. Company records show that the actual price paid (AP) for the materials used in June was $11.90 per square foot, and that the direct materials purchase-price variance for the month was $1,160.
2. The actual total quantity of materialspurchasedduring the month, rounded to the nearest whole number, was:
3. 12,200 square feet.11,600 square feet.17,160 square feet.16,000 square feet.11,200 square feet.