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What is the material usage variance for royal company

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Reference no: EM132115544

Question - Royal Company uses a standard costing system. The following information pertains to direct materials for the month of September:

Standard price per kilogram

$17.00

Actual purchase price per kilogram

$16.50

Quantity purchased

3,100 kg

Quantity used

3,950 kg

Standard quantity allowed for actual output

4,000 kg

Actual output

1,000 units

Royal Company reports its material price variances at the time of purchase. What is the material usage variance for Royal Company?

$850 U

$850 F

$1,950 F

$2,850 F

Reference no: EM132115544

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