The following materials standards have been established for a particular product: Standard quantity per unit of output
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Question:
The following materials standards have been established for a particular product:
Standard quantity per unit of output | 4.4 | pounds |
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Standard price | $13.20 | per pound |
The following data pertain to operations concerning the product for the last month:
Actual materials purchased | 4,800 | pounds |
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Actual cost of materials purchased | $62,880 | |
Actual materials used in production | 4,300 | pounds |
Actual output | 700 | units |
The direct materials purchases variance is computed when the materials are purchased.
What is the materials price variance for the month?
Group of answer choices
A. $430 U
B. $430 F
C. $480 F
D. $480 U
Related Book For
Cost Accounting A Managerial Emphasis
ISBN: 978-0136126638
13th Edition
Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav
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