What is the materials quantity variance for the month, Accounting Basics

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What is the materials quantity variance for the month

The following materials standards have been established for a particular product:

Standard quantity per unit of output 5.1 grams
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
Actual output
1,000 units

What is the materials quantity variance for the month?

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Accounting Basics: What is the materials quantity variance for the month

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Accounting Basics: What is the materials quantity variance for the month

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Recent Questions Asked Accounting Basics

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Accounting Basics: What is the materials quantity variance for the month

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