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    Material quantity variance

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    Following material standards for a raw material used in a 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 1900 pounds
    actual output 2100 units

    What is the materials quantity variance for the month?

    A 3320 F
    B 3150 F
    C 4980 U
    D 4725 U

    © BrainMass Inc. brainmass.com June 3, 2020, 8:11 pm ad1c9bdddf
    https://brainmass.com/business/accounting/127570

    Solution Preview

    Material Quantity variance = (Actual Quantity - Standard Quantity) X ...

    Solution Summary

    The solution explains how to calculate the material quantity variance

    $2.19

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