Brent received a report from the production and purchasing departments with the following values for August: Actual
Fantastic news! We've Found the answer you've been seeking!
Question:
Brent received a report from the production and purchasing departments with the following values for August:
- Actual materials quantity: 6,200 pounds
- Total actual cost: $9,250
- Standard materials quantity: 1.25 pounds/unit
- Standard price: $1.50/pound
- Units made: 4,800
Two days later, Brent received a correction from the production department that they found a missing order for 200 units, which means they made 5,000 units in August. How much would Brent's materials quantity variance change for the month of August?
Related Book For
Cost management a strategic approach
ISBN: 978-0073526942
5th edition
Authors: Edward J. Blocher, David E. Stout, Gary Cokins
Posted Date: