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Problem - Blue Lite manufactures decorative weather vanes that have a standard materials cost of two pounds of raw materials at $2 per pound. During November 500 pounds of raw materials costing $4 per pound were used in making 450 weather vanes.
What the materials price and quantity variance?
A. Material Price variance 1,000 F, Material Quantity variance 800 F
B. Material Price variance 1,000 U, Material Quantity variance 800 U
C. Material Price variance 500 F, Material Quantity variance 400 U
D. Material Price variance 500 U, Material Quantity variance 400 F
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