Asked by DYLAN HOLLOWAY on May 13, 2024
Verified
The materials quantity variance for January is:
A) $2,640 U
B) $2,574 F
C) $2,640 F
D) $2,574 U
Materials Quantity Variance
The difference between the actual quantity of materials used in production and the standard quantity expected to be used, multiplied by the standard cost per unit of material.
- Achieve proficiency in computing and analyzing variances in quantities of materials.
Verified Answer
YB
Yarvnis BlogsMay 14, 2024
Final Answer :
A
Explanation :
SQ = 2,000 units × 7.7 pounds per unit = 15,400 pounds
Materials quantity variance = (AQ - SQ)× SP
= (16,060 pounds − 15,400 pounds)× $4.00 per pound
= (660 pounds)× $4.00 per pound
= $2,640 U
Materials quantity variance = (AQ - SQ)× SP
= (16,060 pounds − 15,400 pounds)× $4.00 per pound
= (660 pounds)× $4.00 per pound
= $2,640 U
Learning Objectives
- Achieve proficiency in computing and analyzing variances in quantities of materials.
Related questions
The Following Materials Standards Have Been Established for a Particular ...
The Materials Quantity Variance for July Is ...
The Materials Quantity Variance for February Is ...
The Material Quantity Variance Is Computed Based on the Quantity ...
Turrubiates Corporation Makes a Product That Uses a Material with ...