The following materials standards have been established for a particular product: Standard quantity per unit of output 4.6 grams Standard price $ 15.05 per gram The following data pertain to operations concerning the product for the last month: Actual materials purchased 3,100 grams Actual cost of materials purchased $ 44,020 Actual materials used in production 2,400 grams Actual output 300 units What is the materials quantity variance for the month? A. $9,940 U B. $15,351 U C. $10,535 U D. $14,484 U
The following materials standards have been established for a particular product: Standard quantity per unit of output 4.6 grams Standard price $ 15.05 per gram The following data pertain to operations concerning the product for the last month: Actual materials purchased 3,100 grams Actual cost of materials purchased $ 44,020 Actual materials used in production 2,400 grams Actual output 300 units What is the materials quantity variance for the month? A. $9,940 U B. $15,351 U C. $10,535 U D. $14,484 U
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter8: Standard Cost Accounting—materials, Labor, And Factory Overhead
Section: Chapter Questions
Problem 4P: Calculation of materials and labor variances
Fritz Corp. manufactures and sells a single product....
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The following materials standards have been established for a particular product: Standard quantity per unit of output 4.6 grams Standard price $ 15.05 per gram The following data pertain to operations concerning the product for the last month: Actual materials purchased 3,100 grams Actual cost of materials purchased $ 44,020 Actual materials used in production 2,400 grams Actual output 300 units What is the materials quantity variance for the month? A. $9,940 U B. $15,351 U C. $10,535 U D. $14,484 U
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