Vision Manufacturing Company has established the following materials standards f

Question

Vision Manufacturing Company has established the following materials standards for a particular product' Standard quantity per unit of output 8.1 Pounds Standard price $15.10 per pound The following data pertain to operations concerning the product for the last month: Actual materials purchased 6.840 Pounds Actual cost of materials purchased $93,500 Actual materials used in production 6.140 Pounds Actual output 1.300 Units What is the materials quantity variance for the month? $55,719 U S65.503 F $5,670 U $66,289 F

Explanation / Answer

Quantity variance = SR (actual quantity used - standard quantity)

                           = 15.10 [6140 - (1300*8.1)]

                          = 15.10 [6140 - 10530]

                         = 15.10* -4390

                          = $ 66289(F)

correct option is ""D

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