The following data pertain to operations concerning the product for the last month: What is the materials price variance for the month?
A.$14,850 U
B.$8,250 U
C.$8,640 U
<underLine>D.</underLine> $2,860 F
AP = $60,500 / 4,400 = $13.75
Materials price variance = AQ (AP - SP) = 4,400 ($13.75 - $14.40) = $2,860 F
-The Fletcher Company uses standard costing.The following data are available for October: The standard quantity of material allowed for October production is:

Question

The following data pertain to operations concerning the product for the last month:

What is the materials price variance for the month?
A.$14,850 U
B.$8,250 U
C.$8,640 U
<underLine>D.</underLine> $2,860 F
AP = $60,500 / 4,400 = $13.75
Materials price variance = AQ (AP - SP) = 4,400 ($13.75 - $14.40) = $2,860 F
-The Fletcher Company uses standard costing.The following data are available for October:

The standard quantity of material allowed for October production is:

Quizplus · Accepted Answer

Materials quantity variance = SP (AQ - SQ)
($1,000) = $2 (23,500 - SQ)
SQ = 24,000

The Following Data Pertain to Operations Concerning the Product for the Last