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What is the materials quantity variance

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Question - Total cost of purchasing material: $80,000.

Number of material pounds used in production: 9,500.

Number of units produced: 400.

Number of material pounds purchased: 6,000.

The company has established these standards:

Price per pound of materials: $12.00.

Number of pounds of material to produce one unit: 25.

Required - What is the materials quantity variance?

Reference no: EM132796174

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