Bob Corporation has material standards of 3.5 pounds per unit at $4.50 per pound. Actual materials purchased were 12,300 pounds at $4.25 per pound. Actual materials used were 11,750 pounds. There were 3,500 units made this month. What was the material quantity variance?

Answer rating: 100% (QA)

Solution To calculate the material quantity variance we need to first calcu... View the full answer