The following materials standards have been established for a particular product: The following data pertain to operations concerning the product for the last month:

-What is the materials quantity variance for the month?
A)$1,880 U
B)$10,476 U
C)$1,940 U
D)$10,152 U

Question

The following materials standards have been established for a particular product:   The following data pertain to operations concerning the product for the last month:
 
-What is the materials quantity variance for the month?
A)$1,880 U 
B)$10,476 U 
C)$1,940 U 
D)$10,152 U

Quizplus · Accepted Answer

SQ = 100 units F1F1F1S1F1F1F10 4.6 feet per unit = 460 feet
Materials quantity variance = (AQ - SQ)SP
= (1,000 feet - 460 feet)$19.40 per foot
= (540 feet)$19.40 per foot = $10,476 U

The Following Materials Standards Have Been Established for a Particular