ewConnect.mheducation.com ultiple Choice Quiz-10 questions-60 mi. Saved The foll

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ewConnect.mheducation.com ultiple Choice Quiz-10 questions-60 mi. Saved The following materials standards have been established for a particular product Standard quantity per unit of output Standard price 5.0 meters 18.90 per meter The following data pertain to operations concerning the product for the last month: Actual materials purchased Actual cost of materials purchased Actual materials used in production Actual output 8,500 meters $170,000 8,000 meters 1,570 units What is the materials price variance for the month? Multiple Choice

Explanation / Answer

Material price variance = (Standard price-actual price)Actual quantity

                                      = (18.90*8500-170000)

Material price variance = 9350 U

so answer is c) 9350 U

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