The following materials standards have been established for a particular product:Standard quantity per unit of output4.6gramsStandard price$ 15.05 per gramThe following data pertain to operations concerning the product for the last month:Actual materials purchased3,100 gramsActual cost of materials purchased$ 44,020Actual materials used in production2,400 gramsunitsActual outputWhat is the materials quantity variance for the month?O $9,940 UO $15,351 UO $14,484 U$10,535 UMacBook AirF1ZDD

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Description: The following materials standards have been established for a particular product:Standard quantity per unit of output4.6gramsStandard price$ 15.05 per gramThe following data pertain to operations concerning the product for the last month:Actual mate

Introduction:- The following formula used to calculate Material quantity variance as follows under:-…

Answered: What is the materials quantity variance…

Business

Accounting

What is the materials quantity variance for the month? $9,940 U $15,351 U $14,484 U

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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