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What was the material quantity variance for august

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Question - Jackson Co. produces wooden boxes. The company's standards per box require 8 boards, each costing $12 per board, and half of an hour of direct labour. The standard labour rate is $20 per hour. In August, Jackson Co. purchased 11,500 boards for a total cost of $136,850. It used 11,000 boards to manufacture 1,400 boxes. Total labour hours were 760 hours, and total labour costs were $15,100. What was the material quantity variance for August?

Reference no: EM133090398

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