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What is the materials price variance for the month

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Reference no: EM132453948

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

Sandard quantity per unit of output 5.0 meters

Standard price $ 17.80 per meter

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

Actual materials purchased 8,000 meters

Actual cost of materials purchased $146,800

Actual materials used in production 7,500 meters

Actual output 1,460 units

Required - What is the materials price variance for the month?

Reference no: EM132453948

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