Question - Bender Corporation produced 100 units of Product AA. The total standard and actual costs for materials and direct labor for the 100 units of AA are as follows:
Materials: Standard Actual
Standard: 210 pounds at $12.00 per pound $2,520
Actual: 240 pounds at $12.85 per pound $3,084
Direct labor:
Standard: 400 hours at $15.00 per hour 6,000
Actual: 368 hours at $16.50 per hour 6,072
What is the material usage variance for Bender Corporation?