Carmen Corporation has the following standards for its direct materials: Standard cost: $8.90 per pound Standard...
Carmen Corporation has the following standards for its direct materials:
- Standard cost: $8.90 per pound
- Standard quantity: 3.00 pounds per product
During the most recent month, the company purchased and used 2,100 pounds of materials costing $17,300 in making 680 products. Compute the materials quantity variance.
|
$534 Favorable |
||
|
$1,390 Unfavorable |
||
|
$534 Unfavorable |
||
|
$1,390 Favorable |
Homework Answers
Materials Quantity Variance
= (SQ - AQ) * SR
= (680*3 - 2100) * 8.90
= 534 Unfavorable
Option C is the answer
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