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Bridgeware Company has a materials price standard of $2.50 per kilogram.Four thousand kilograms of materials were purchased at $2.40 a kilogram.The actual quantity of materials used was 3,500 kilograms, although the standard quantity allowed for the output was 3,400 kilograms.
-Bridgeware Company's total materials variance is

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Bridgeware Company has a materials price standard of $2.50 per kilogram.Four thousand kilograms of materials were purchased at $2.40 a kilogram.The actual quantity of materials used was 3,500 kilograms, although the standard quantity allowed for the output was 3,400 kilograms.
-Bridgeware Company's total materials variance is

Quizplus · Accepted Answer

Total materials variance = (actual quantity purchased x actual price) - (standard quantity allowed x standard price)

= (4,000 x $2.40) - (3,400 x $2.50)

= $9,600 - $8,500

= $1,100 U (Unfavorable variance means actual cost is higher than standard cost)

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