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What is the materials quantity variance for the month

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Reference no: EM132537906

Question - The following materials standards have been established for a particular raw material used in the company's sole product:

Standard quantity per unit of output 1.0 pound

Standard price $16.60 per pound

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

Actual materials purchased 2,200 pounds

Actual cost of materials purchased $34,650

Actual materials used in production 1,900 pounds

Actual output 2,100 units

Required - What is the materials quantity variance for the month?

Reference no: EM132537906

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