Reference no: EM13510984
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 price variance is
A)$100 U.
B)$1,000 U.
C)$900 U.
D)$1,000 F.
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 materials quantity variance is
(A)$1,000 U.
(B)$1,000 F.
(C)$1,100 F.
(D)$1,100 U.
3. 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.
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