Determine the materials quantity variance for April

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Question - Turrubiates Corporation makes a product that uses a material with the following standards:

Standard quantity 6.7 liters per unit

Standard price $1.20 per liter

Standard cost $8.04 per unit

The company budgeted for production of 2,500 units in April, but actual production was 2,600 units. The company used 18,000 liters of direct material to produce this output. The company purchased 18,800 liters of the direct material at $1.30 per liter.

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

Determine the materials quantity variance for April?

Reference no: EM132432222

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