The following data pertain to operations concerning the

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Reference no: EM13571423

The following materials standards have been established for a particular product:

  Standard quantity per unit of output 8.5 Pounds
  Standard price $15.50 per pound

The following data pertain to operations concerning the product for the last month:

  Actual materials purchased 6,920 Pounds
  Actual cost of materials purchased   $94,100
  Actual materials used in production 6,220 Pounds
  Actual output 1,400 Units

What is the materials quantity variance for the month?

Reference no: EM13571423

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