Purchase Solution

Material quantity variance

Not what you're looking for?

Ask Custom Question

The following materials standards have been established for a particular product:
Standard quantity per unit of output 5.1 grams
Standard price $11.95 per gram
The following data pertain to operations concerning the product for the last month:
Actual materials purchased 6,800 grams
Actual cost of materials purchased $86,360
Actual materials used in production 6,300 grams
Actual output 1,000 units

What is the materials quantity variance for the month?

a. $15,240 U

b. $6,350 U

c. $14,340 U

d. $5,975 U

Purchase this Solution
Solution Summary

The solution explains how to calculate the material quantity variance.

Solution Preview

Material quantity variance = (Actual quantity used - Standard ...

Purchase this Solution
Free BrainMass Quizzes
Writing Business Plans

This quiz will test your understanding of how to write good business plans, the usual components of a good plan, purposes, terms, and writing style tips.

Paradigms and Frameworks of Management Research

This quiz evaluates your understanding of the paradigm-based and epistimological frameworks of research. It is intended for advanced students.

Lean your Process

This quiz will help you understand the basic concepts of Lean.

SWOT

This quiz will test your understanding of the SWOT analysis, including terms, concepts, uses, advantages, and process.

Balance Sheet

The Fundamental Classified Balance Sheet. What to know to make it easy.

View More Free Quizzes
Related BrainMass Solutions

  • Calculating Material and Labor Variances

    (Actual quantity (Actual price - Standard price) Direct material price variance = 2600 yards ($9.10-10.00) $2,340 Favourable Material quantity variance = standard price(Actual quantity -Standard quantity) Material quantity variance = $10(

  • Total Materials Variance and Materials Price Variance

    (Actual Quantity - Standard Quantity) OR Direct Material price variance = SP (AQ-SQ) $5.00 (2350units -2200 units ) = $750(U) Verification: Direct Material Total Variance = Material price variance + Material Quantity variance $256.50(F) +

  • variance analysis.

    Determine the direct material quantity variance for job 822 Standard quantity required for actual production = 5 ounces *500 units = 2500 Material Quantity variance Standard Price per ounce *( Actual quantity -Standard quantity)

  • How can I make a difference between a favorable and unfavorable variance?

    Material price variance = (Actual quantity X Actual Rate)-(Actual quantity X Standard Rate) Material Price variance = (1000X6)-(1000X5) = $1000 (U) OR Material Price variance = Actual quantity (Actual price per unit-Standard price per unit) = 1000

  • Price and Quantity Variances for Material and Labor

    ) 2 Direct material price variance = Actual Quantity (Actual price - Standard price) OR Direct material price variance = AQ (AP-SP) 115000 units ($7.80-$7.00) = $92000 (U) Direct Material Quantity variance = Standard price (Actual Quantity

  • Variance calculation for Esther Industries

    Material quantity variance Material quantity variance = (Actual quantity - standard quantity allowed) X standard price Standard quantity allowed = units produced X quantity per unit = 13,000 X 6 = 78,000 Quantity variance = (80,000-78,000) X 15

  • Cost analysis variances for the Bakery

    standard quantity) Material Spending Variance = Actual Quantity*(Actual Price - standard Price) Labor Usage variance = Standard rate*(actual hours - standard hours) Labor spemding variance = Actual hours*(actual rate -

  • Material and Labor Price Variance Standard Costing

    $130,000 F Total of direct quantity variance = Direct material price variance + Direct material quantity variance $40,000 F = $120,000 F + b b = 80,000 U Material price variance = actual quantity purchased x difference between actual and standard

  • Material & Labor Variances with Formula

    Formulas Material Price Variance = (Actual Price - Standard Price) * Actual Quantity Material Quantity Variance = (Actual Quantity - Standard Quantity) * Standard Price Total Material Variance = Material Price Variance + Material Quantity Variance

  • Direct material and labor variances

    Material Quantity Variance = (Actual quantity used - Standard Quantity) Standard Price Actual quantity used =550,000 Standard Quantity = 900,000 units X 0.5 pounds = 450,000 pounds Standard Price = 0.25 Material Quantity Variance = (550,000-450,000

View More Related Solutions