The following information summarizes the standard cost for producing one metal tennis racket frame.In addition,the variances for one month's production are given.Assume that all inventory accounts have zero balances at the beginning of the month. What was the actual quantity of materials used during the month?
A)2,156.
B)2,100.
C)2,225.
D)1,975.

Question

The following information summarizes the standard cost for producing one metal tennis racket frame.In addition,the variances for one month's production are given.Assume that all inventory accounts have zero balances at the beginning of the month.  What was the actual quantity of materials used during the month?
A)2,156. 
B)2,100. 
C)2,225. 
D)1,975.

Quizplus · Accepted Answer

To find the actual quantity of materials used, we need to use the formula:

Actual Quantity = Standard Quantity + Material Price Variance / Standard Price per Unit

Substituting the given values, we get:

Actual Quantity = 2,000 + 225 / 0.20
Actual Quantity = 2,225

Therefore, the actual quantity of materials used during the month was 2,225.

The Following Information Summarizes the Standard Cost for Producing One