1. Stiner Company has a materials price standard of $2.00 per pound. Five thousand pounds of materials were purchased at $2.20 per pound. The actual quantity of materials used was 5,000 pounds, although the standard quantity allowed for the output was 4,500 pounds.
Stiner Company's materials price variance is
A) $100 U.
B) $1,000 U.
C) $900 U.
D) $1,000 F.
2. Stiner Company has a materials price standard of $2.00 per pound. Five thousand pounds of materials were purchased at $2.20 per pound. The actual quantity of materials used was 5,000 pounds, although the standard quantity allowed for the output was 4,500 pounds.
Stiner Company's materials quantity variance is
(A) $1,000 U.
(B) $1,000 F.
(C) $1,100 F.
(D) $1,100 U.
3. Stiner Company has a materials price standard of $2.00 per pound. Five thousand pounds of materials were purchased at $2.20 per pound. The actual quantity of materials used was 5,000 pounds, although the standard quantity allowed for the output was 4,500 pounds. Stiner Company's total materials variance is
(A) $2,000 U.
(B) $2,000 F.
(C) $2,100 U.
(D) $2,100 F.