Question:
Standard quantity per unit of output 5.1 grams and standard price $11.95 per gram
The following data pertain to operations concerning the product for the last month:
Actual materials purchased 6,800 grams, actual cost of materials purchased $86,360, Actual materials used in production 6,300 grams and actual output 1,000 units.
What is the materials quantity variance for the month?