The following materials standards have been established for a particular product

Question

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. $5,975 U

Explanation / Answer

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5.1 11.95 Qnty Amount Standards 5100 60945 Actuals 6300 86360 Materials Qnty Variance = (5100-6300)*11.95 -14340 Adverse

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