17. The following materials standards have been established for a particular producti Standard quantity per unit of output Standand price. 4.6 grams $15.05 Per gram The following data pertain to operations concerning the product for the last month: Actual materials purchased and used Actual cost of materials purchased Actual output What is the materiais quantity variance for the month? b. C d. $9,940 U $15.3510 $14,484 U $10.535 U 2,400 grams $33,600 300 units

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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17. The following materials standards have been established for a particular product
Standard quantity per unit of output
Standard price
4.6 grams
$15.05 Per gram
The following data pertain to operations concerning the product for the last month:
Actual materials purchased and used
Actual cost of materials purchased
Actual output
What is the materials quantity variance for the month?
$9,940 U
$15.3510
a
b.
C
d.
$10.535 U
$14,484 U
2,400 grams
$33.600
300 units
Transcribed Image Text:17. The following materials standards have been established for a particular product Standard quantity per unit of output Standard price 4.6 grams $15.05 Per gram The following data pertain to operations concerning the product for the last month: Actual materials purchased and used Actual cost of materials purchased Actual output What is the materials quantity variance for the month? $9,940 U $15.3510 a b. C d. $10.535 U $14,484 U 2,400 grams $33.600 300 units
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