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What the raw materials quantity variance for the month

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Reference no: EM132941141

Question - Bumgardner Incorporated has provided the following data concerning one of the products in its standard cost system.

Inputs Standard Quantity or Hours per Unit of Output Standard Price or Rate

Direct materials 8.0 liters $5.00 per liter

The company has reported the following actual results for the product for April:

Actual output 7,400 units

Raw materials purchased 65,400 liters

Actual price of raw materials $5.70 per liter

Raw materials used in production 59,210 liters

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

Required - What the raw materials quantity variance for the month?

Reference no: EM132941141

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