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What is the materials quantity variance for the month

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Reference no: EM132501304

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

Standard quantity per unit of output 5.8pounds

Standard price$14.60per pound

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

Actual materials purchased 6,900pounds

Actual cost of materials purchased$64,280

Actual materials used in production 6,400pounds

Actual output 840units

  • The direct materials purchases variance is computed when the materials are purchased.

Question 1: What is the materials quantity variance for the month?

Reference no: EM132501304

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