Homework Answers
Materials Quantity variance = SQ * (SP - AP)
SQ = Standard Quantity for actual output = 2000 * 1.50 = 3,000 pounds
Standard Price = SP = $6
AQ = Actual Quantity = 3,100 units
Actual Price = AP = $18,135 / 3,100
AP = $5.85
Materials Quantity variance = $6 * (3000 - 3,100)
Materials Quantity variance = $6 * (-100)
Materials Quantity variance = - $600
or) Materials Quantity variance = $600 Unfavorable
or $600 U
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