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%2F%2Fconnect education.com %2Fpaamweb ation.com/flow/connect.htmlTsRege true&returnura; https%3A Saved Chapter 10 Multiple Choice Quiz-10 questions 60 mi The following materials standards have been established for a particular product 9 standard quantity per unit of output standard price 4.5 meters $18.50 per meter 00:43.19 The following data pertain to operations concerning the product for the last month: Actual materials purchased Actual cost of materials purchased $151,320 Actual materials used in production 7,300 meters Actual output 7,800 meters 1,560 units What is the materials price variance for the month? Multiple Choice

Explanation / Answer

Materials price variance = 151320-(7800*18.5)= 7020 U Option 1 is correct

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