Question: The standard price per pound is $ 2 . 3 0 . Standard quantity of pounds allowed per unit of FG is 4 pounds. Actual

The standard price per pound is $2.30. Standard quantity of pounds allowed per unit of FG is 4 pounds. Actual quantity of mats purchased was 50,400, whereas the quantity of materials used in production was 50,500lbs. The actual purchase price per pound of mats was $2.25. The company produced 13,000 units of fg during the period. What is the materials quantity variance?

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