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Compute the total materials variance

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Reference no: EM132282333

Question - Carrington Medical manufactures medical equipment. Standard and actual data regarding one of the company's products are provided below.

  • Standard quantity of materials: 6.40 feet per product.
  • Standard price of materials: $9.00 per foot.
  • Actual production: 440 products.
  • Actual materials used: 2,750 feet.
  • Actual total materials costs incurred: $24,600.

Compute the total materials variance.

Reference no: EM132282333

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