What is the materials price variance for the month input

Reference no: EM13577897

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


Standard quantity per unit of output	3.8	pounds
Standard price	$13.00	per pound

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


Actual materials purchased	2,700	pounds
Actual cost of materials purchased	$ 34,155
Actual materials used in production	2,000	pounds
Actual output	500	units

Required:
a.	What is the materials price variance for the month? (Input the amount as a positive value. Leave no cells blank - be certain to enter "0" wherever required. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Omit the "$" sign in your response.)

Materials price variance

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What is the materials quantity variance for the month? (Input the amount a as positive value. Leave no cells blank - be certain to enter "0" wherever required. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Omit the "$" sign in your response.)

Materials quantity variance

(Click to select)FUNone

Reference no: EM13577897

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