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ID: 2570058 • Letter: C
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connect.mheducation.com%2F flow/connect.htmltsReg truetretumUrl:https 3AXOFY2Fe Connect Chapter 10 Multiple Chokce Quiz-10 questions 60 m. The following materials standards have been established for a particular product 8 s.9 pounds standard quantity per unit of output Standard price $14.70 per pound 004358 The following data pertain to operations concerning the product for the last month 7,050 pounds Actual materials purchased Actual cost of materials purchased Actual materials used in production Actual output $64,38 0 6,550 pounds 850 units The direct materials purchases variance is computed when the materials are purchased. What is the materials quantity variance for the month? Prev 8 of 10111 Next>Explanation / Answer
D. $22,565 U
SQ = 5.9 pounds per unit × 850 units = 5,015 pounds
Materials quantity variance = (AQ - SQ) SP
= (6,550 pounds - 5,015 pounds) $14.70 per pound
= (1,535 pounds) $14.70 per pound = $22,565 U
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