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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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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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