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Calculate the material quantity variance

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Reference no: EM131818842

Briggs Company produces one product, the H2001. Each unit of H2001 requires 6.5 pounds of raw material with a standard cost of $12.00 per pound. During July, Briggs purchased 3,500 pounds of this raw material at a price of $12.25 per pound and used 3,280 pounds to produce 500 units of the H2001. Calculate the material quantity variance.

Reference no: EM131818842

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