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Calculate the materials activity variance

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Reference no: EM132575035

Question 1: Marbles Company has the following information available regarding its materials:

Managers expected to pay $5 per kilogram, but ended up paying $6 per kilogram. Each unit produced should take 2 kilograms; actual total usage was 2,100 kilograms. Finally, the company planned to produce 1,000 units, but only produced 950.

Calculate the materials efficiency variance.

Option 1: $2,100 (unfavorable)

Option 2: $0

Option 3: $1,000 (unfavorable)

Option 4: $1,400 (unfavorable)

Question 2: Marbles Company has the following information available regarding its materials:

Managers expected to pay $5 per kilogram, but ended up paying $6 per kilogram. Each unit produced should take 2 kilograms; actual total usage was 2,100 kilograms. Finally, the company planned to produce 1,000 units, but only produced 950.

Calculate the materials activity variance.

Option 1: $2,500 (unfavorable)

Option 2: $500 (unfavorable)

Option 3: $500 (favorable)

Option 4: $2,500 (favorable)

Reference no: EM132575035

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