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Estimate what is materials quantity variance for the month

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Reference no: EM132587270

The ff.standards have been established for a raw material used to make product N04:

Standard quantity of the material per unit of output....2.7 pounds

Standard price if the material.....15.50 per pound

The following data to a recent months operation:

Actual material purchased....5200 pound

Actual cost material purchased....82680

Actual materials used in Production.....4600 pounds

Actual output...1760 units of product N04

REQUIRED:

Question a. What is the material price variance for the month?

Question B. what is the materials quantity variance for the month?

Reference no: EM132587270

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