Multiple Choice $1,360 F $1,280 F $1,360 U $1,280 U Turrubiates Corporation make

Question

Multiple Choice

$1,360 F

$1,280 F

$1,360 U

$1,280 U

Turrubiates Corporation makes a product that uses a material with the following standards Standard quantity Standard price Standard cost iters per un1 $1.60 per liter $11.36 per unit The company budgeted for production of 2,900 units in April, but actual production was 3,000 units. The company used 22,100 liters of direct material to produce this output. The company purchased 19,200 liters of the direct material at $1.7 per liter. The direct materials purchases variance is computed when the materials are purchased The materials quantity variance for April is

Explanation / Answer

Material quantity variance = (Standard quantity-actual quantity)Standard rate

= (3000*7.1-22100)*1.6

Material quantity variance = 1280 U

so answer is d) $1280 U

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