The following materials standards have been established for a particular product: The following materials standards have been
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The following materials standards have been established for a particular product:
The following materials standards have been established for a particular product:
Standard quantity per unit of output……………..5.1 grams
Standard price ……………………………..$11.95 per gram
The following data pertain to operations concerning the product for the last month:
Actual materials purchased …………………………....6,800 grams
Actual cost of materials purchased……………….................$86,360
Actual materials used in production…………………...6,300 grams
Actual output……………………………….…………..1,000 units
What is the materials quantity variance for the month?
a. $15,240 U
b. $6,350 U
c. $14,340 U
d. $5,975U
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