8 The following materials standards have been established for a particular produ

Question

8 The following materials standards have been established for a particular product Standard quantity per unit of output Standard price 4.9 pounds $13.70 per pound Skipped The following data pertain to operations concerning the product for the last month Print Actual materials purchased Actual cost of materials purchased 63,380 5,550 pounds Actual butout als used in product ion 5,050 pounds 750 units Actual output The direct materials purchases variance is computed when the materials are purchased. What is the materials quantity variance for the month?

Explanation / Answer

Materials quantity variance = (AQ ?SQ) SP
= (5,050 - 750 x 4.9) x $13.70 = $18,837.50 Unfavorable

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