Reference no: EM132754773
The following materials standards have been established for a product:
Standard quantity per unit of output 6.8metres
Standard price $17.10per metre
The following data pertain to operations concerning the product for the last month:
Actual materials purchased 9,000metres
Actual cost of materials purchased $156,600
Actual materials used in production 8,500metres
Actual output 1,200units
Problem 1: What is the materials price variance for the month?
Multiple Choice
Option 1: $2,550 F.
Option 2: $2,550 U.
Option 3: $2,700 F.
Option 4: $2,700 U.
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