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What is the materials quantity variance for the month

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Reference no: EM13518947

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

Standard quantity per unit of output

0.2 grams

Standard price

$18.90 per gram

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

Actual materials purchased

4,800 grams

Actual cost of materials purchased

$86,880

Actual materials used in production

4,200 grams

Actual output

21,080 units

Required:

a. What is the materials price variance for the month?

b. What is the materials quantity variance for the month?

Reference no: EM13518947

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