Reference no: EM132753127

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

Standard quantity per unit of output 6.8 metres

Standard price $17.10 per metre

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

Actual materials purchased 9,000 metres

Actual cost of materials purchased $156,600

Actual materials used in production 8,500 metres

Actual output 1,200 units

What is the materials quantity variance for the month?

$5,814 U.

$5,916 U.

$8,550 U.

$8,700 U.