Asked by Joshua Waterman on Apr 27, 2024
Verified
The following materials standards have been established for a particular product: 
The following data pertain to operations concerning the product for the last month: 
What is the materials quantity variance for the month?
A) $9,940 U
B) $15,351 U
C) $14,484 U
D) $10,535 U
Materials Quantity Variance
The difference between the expected and actual quantity of materials used in production, reflecting efficiency in materials usage.
Materials Standards
The established specifications regarding the quality and quantity of materials to be used in production.
Operations
Activities involved in the day-to-day functioning of a business or organization, aimed at producing goods or services.
- Understand the calculation and application of materials quantity variance.
Verified Answer
Materials quantity variance = (AQ - SQ)× SP
= (2,400 grams - 1,380 grams)× $15.05 per gram
= (1,020 grams)× $15.05 per gram
= $15,351 U
Learning Objectives
- Understand the calculation and application of materials quantity variance.
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