Question - Natalie received a report from the production and purchasing departments with the following values for October:
Actual materials quantity: 18,000 pounds
Total actual cost: $8,700
Standard materials quantity: 1.05 pounds/unit
Standard price: $0.50/pound
Units made: 16,000
Four days later, Natalie received a correction from the production department that they found an error in their calculations, and they actually only used 17,800 pounds of raw materials. How much would Natalie's materials quantity variance change for the month of October?