Question
X Company has the following information: Standard quantity per unit of output 3.5 kg Standard price $ 20.50 per kg The actual results during the
- X Company has the following information:
|
| |||
| Standard quantity per unit of output |
| 3.5 | kg |
| Standard price | $ | 20.50 | per kg |
The actual results during the month are as follows:
|
| |||
| Actual materials purchased |
| 7,600 | kg |
| Actual cost of materials purchased | $ | 165,305 |
|
| Actual materials used in production |
| 8,600 | kg |
| Actual output |
| 1,400 | units |
What is the materials price variance for the month?
- $10,995 F
- $4,025 U
- $10,995 U
- $6,125 U
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Modern Internal Auditing An Operational Approach
Authors: Victor Zinn Brink
3rd Edition
0471065242, 978-0471065241
