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What is the materials price variance for the month

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Reference no: EM133092566

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

Standard quantity per unit of output 5.3 meters

Standard price $17.20 per meter

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

Actual materials purchased 8,100 meters

Actual cost of materials purchased $ 141,345

Actual materials used in production 8,100 meters

Actual output 1,400 units

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

Reference no: EM133092566

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