The following materials standards have been established for a particular product:Standard quantity per unit of output4.6gramsStandard price$ 15.05 per gramThe following data pertain to operations concerning the product for the last month:Actual materials purchased3,100 gramsActual cost of materials purchased$ 44,020Actual materials used in production2,400 gramsunitsActual outputWhat is the materials quantity variance for the month?O $9,940 UO $15,351 UO $14,484 U$10,535 UMacBook AirF1ZDD

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Description: The following materials standards have been established for a particular product:Standard quantity per unit of output4.6gramsStandard price$ 15.05 per gramThe following data pertain to operations concerning the product for the last month:Actual mate

Introduction:- The following formula used to calculate Material quantity variance as follows under:-…

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Business

Accounting

What is the materials quantity variance for the month? $9,940 U $15,351 U $14,484 U

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter8: Standard Cost Accounting—materials, Labor, And Factory Overhead

Section: Chapter Questions

Problem 4P: Calculation of materials and labor variances Fritz Corp. manufactures and sells a single product....

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The following materials standards have been established for a particular product: Standard quantity per unit of output Standard price 5.1 meters $17.90 per meter The following data pertain to operations concerning the product for the last month: Actual materials purchased Actual cost of materials purchased Actual materials used in production Actual output 7,700 meters $142,450 7,300 meters 1,400 units What is the materials price variance for the month?