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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

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The solution explains how to calculate the material quantity variance

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

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