Culinary Kitchen Supply produces bamboo cutting boards.The standard material cost for the bamboo used in each lamp is $18 per square foot.Each board requires 3 square feet of bamboo.In August,the company produced 1,200 cutting boards.There were 3,400 square feet of bamboo used during the month.The bamboo used had an actual cost $20 per square foot.What was the materials quantity variance in August for bamboo?

Question

Quizplus · Accepted Answer

A)
Material Quantity Variance = (Actual Quantity (AQ)- (Standard Quantity × Actual Units))× Standard Price (SP)
$3,600 F = (3,400 - (1,200 × 3))× $18

Culinary Kitchen Supply Produces Bamboo Cutting Boards