What would be the volume variance for materials for march

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Problem

Pardoe, Inc., manufactures a single product. The company uses a standard cost system and has established the following standards for one unit of product:


Standard Quantity of inputs

Standard Price or Rate per input

Standard Cost per unit

Direct materials

1.5 pounds

$3.00 per pound

$4.50

Direct labor

0.6 hours

$6.00 per hour

$3.60

Pardoe's budget for March used estimated production and sales of 2,800 units.

During March, the following activity was recorded by the company:

• The company produced 3,000 units during the month.
• A total of 8,000 pounds of material were purchased and used. The cost was $23,000.
• During March, 1600 direct labor hours were worked at a rate of $6.50 per hour.

For all of these Pardoe questions, pick the closest answer numerically and then choose based on the U or F.

What would be the volume variance for materials for March?

Reference no: EM131821231

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