The following materials standards have been established for a particular product: Standard quantity per unit of output 4.4 poundsStandard price$13.20per poundThe following data pertain to operations concerning the product for the last month: Actual materials purchased 4,800poundsActual cost of materials purchased$62,880 Actual materials used in production 4,300poundsActual output 700unitsThe direct materials purchases variance is computed when the materials are purchased.What is the materials quantity variance for the month?
A. $16,104 U
B. $6,550 U
C. $15,982 U
D. $6,600 U
Answer: A
Business
You might also like to view...
A growth strategy to develop an untapped new-market potential offers both high risk and the possibility of high return
Indicate whether the statement is true or false
Business
How can a firm control against excessive quantities of raw materials being used in the manufacturing process
Business
A business plan is a comprehensive statement of how a company will achieve its objectives
Indicate whether the statement is true or false
Business
The point of purchase model calculates the materials price variance using the quantity of materials used in production
Indicate whether the statement is true or false
Business