Asked by Saarthak Sharma on Jul 07, 2024
Verified
The materials quantity variance is?
A) $1,820 F.
B) $1,120 F.
C) $1,120 U.
D) $1,820 U.
Materials Quantity Variance
The difference between the actual quantity of materials used in production and the expected (standard) quantity, multiplied by the standard cost of those materials.
National Distribution
The process of distributing products or goods across an entire country, often involving multiple transportation and logistics strategies.
Grams
A metric unit of mass equal to one thousandth of a kilogram, often used to measure small quantities of material.
- Calculate material and labor variances including price, quantity, rate, and efficiency variances.
Verified Answer
FJ
Fanta JawaraJul 12, 2024
Final Answer :
C
Explanation :
Materials quantity variance = (Actual quantity used - Standard quantity allowed) x Standard price
= (14,000g - 12,000g) x $0.56
= 2,000g x $0.56
= $1,120 U
Therefore, the answer is C, $1,120 U.
= (14,000g - 12,000g) x $0.56
= 2,000g x $0.56
= $1,120 U
Therefore, the answer is C, $1,120 U.
Learning Objectives
- Calculate material and labor variances including price, quantity, rate, and efficiency variances.