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Determine what is the materials quantity variance for month

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Reference no: EM132529138

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

Standard quantity per unit of output1.7meters

Standard price$19.80per meter

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

Actual materials purchased5,800meters

Actual cost of materials purchased$113,680

Actual materials used in production5,100meters

Actual output3,200units

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

Option 1: $13,720 U

Option 2: $6,664 F

Option 3: $13,860 U

Option 4: $6,732 F

Reference no: EM132529138

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