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Compute the materials spending variance

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Reference no: EM133146325

Question - The following information is available for Great Outdoors Corporation, which produces sturdy camping chairs.

Actual camping chairs produced = 5,000

Actual direct materials purchased and used = 21,250 pounds

Actual direct materials cost per pound = $4.90 per pound

Budgeted camping chairs produced = 5,500

Budgeted direct materials purchased and used = 22,000 pounds

Budgeted total spending on direct materials = $110,000

Required - Use the information presented for Great Outdoors to compute the materials spending variance.

Reference no: EM133146325

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