The following materials standards have been established for a particular product
ID: 2437128 • Letter: T
Question
The following materials standards have been established for a particular product:
Standard quantity per unit of output
1.7
meters
Standard price
$19.80
per meter
The following data pertain to operations concerning the product for the last month:
Actual materials purchased
5,800
meters
Actual cost of materials purchased
$113,680
Actual materials used in production
5,100
meters
Actual output
3,200
units
What is the materials quantity variance for the month?
The following materials standards have been established for a particular product:
Standard quantity per unit of output
1.7
meters
Standard price
$19.80
per meter
The following data pertain to operations concerning the product for the last month:
Actual materials purchased
5,800
meters
Actual cost of materials purchased
$113,680
Actual materials used in production
5,100
meters
Actual output
3,200
units
What is the materials quantity variance for the month?
Explanation / Answer
materials quantity variance =SR[AQ-SQ]
= 19.8 [ 5100- (3200*1.7)]
= 19.8 [5100 - 5440]
= - 6732 F
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