Material Quantity Variance
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The following materials standards have been established for a particular product:
Standard quantity per unit of output 9.6 meters
Standard price $14.80 per meter
The following data pertain to operations concerning the product for the last month:
Actual materials purchased 2,600 meters
Actual cost of materials purchased $37,830
Actual materials used in production 2,200 meters
Actual output 400 units
Reference: 10-10
What is the materials quantity variance for the month?
$24,272 F
$5,920 U
$23,862 F
$5,820 U
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Solution Summary
The solution explains how to calculate material quantity variance
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Direct material quantity variance = (Actual quantity used - standard quantity at ...
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