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Compute what is materials quantity variance for the month

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Reference no: EM132530409

The following materials standards have been established for a particular product:

Standard quantity per unit of output 5.9 pounds

Standard price$14.70 per pound

The following data pertain to operations concerning the product for the last month:

Actual materials purchased 7,050 pounds

Actual cost of materials purchased$64,380

Actual materials used in production 6,550 pounds

Actual output 850 units

  • The direct materials purchases variance is computed when the materials are purchased.

Question 1: What is the materials quantity variance for the month?

Reference no: EM132530409

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