Reference no: EM131765570

Question 1 - Stiner Company has a materials price standard of $2.00 per pound. Five thousand pounds of materials were purchased at $2.20 per pound. The actual quantity of materials used was 5,000 pounds, although the standard quantity allowed for the output was 4,500 pounds.

Stiner Company's materials quantity variance is

A) $1,000 U.

B) $1,000 F.

C) $1,100 F.

D) $1,100 U.

Question 2 - Stiner Company has a materials price standard of $2.00 per pound. Five thousand pounds of materials were purchased at $2.20 per pound. The actual quantity of materials used was 5,000 pounds, although the standard quantity allowed for the output was 4,500 pounds.

Stiner Company's total materials variance is

A) $2,000 U.

B) $2,000 F.

C) $2,100 U.

D) $2,100 F.