Standard quantity per unit of output standard price 4.7 pounds $13.50 per pound The following data pertain to operations concerning the product for the last month: Actual materials purchased Actual cost of materials purchased Actual materials used in production Actual output 5,250 pounds $63,180 4,750 pounds 730 units The direct materials purchases variance is computed when the materials are purchased. What is the materials quantity variance for the month? Multiple Choice $6.017 U $15,873 U

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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9q-8
The following materials standards have been established for a particular product
standard quantity per unit of output
standard price
4.7 pounds
$13.50 per pound
The following data pertain to operations concerning the product for the last month:
Actual materials purchased
Actual cost of materials purchased
Actual materials used in production
Actual output
5,250 pounds
$63,180
4,750 pounds
730 units
The direct materials purchases variance is computed when the materials are purchased.
What is the materials quantity variance for the month?
Multiple Choice
$6.017 U
$15,873 U
Transcribed Image Text:The following materials standards have been established for a particular product standard quantity per unit of output standard price 4.7 pounds $13.50 per pound The following data pertain to operations concerning the product for the last month: Actual materials purchased Actual cost of materials purchased Actual materials used in production Actual output 5,250 pounds $63,180 4,750 pounds 730 units The direct materials purchases variance is computed when the materials are purchased. What is the materials quantity variance for the month? Multiple Choice $6.017 U $15,873 U
The direct materials purchases variance is computed when the materials are purchased.
What is the materials quantity variance for the month?
Multiple Choice
$6,017 U
$15,873 U
$17,807 U
$6,750 U
Transcribed Image Text:The direct materials purchases variance is computed when the materials are purchased. What is the materials quantity variance for the month? Multiple Choice $6,017 U $15,873 U $17,807 U $6,750 U
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