The following materials standards have been established for a particular product:
The following data pertain to operations concerning the product for the last month:
What is the materials quantity variance for the month?
A) $9,940 U
B) $15,351 U
C) $14,484 U
D) $10,535 U

Question

The following materials standards have been established for a particular product:
 The following data pertain to operations concerning the product for the last month:
 What is the materials quantity variance for the month?
A) $9,940 U 
B) $15,351 U 
C) $14,484 U 
D) $10,535 U

Quizplus · Accepted Answer

SQ = 4.6 grams per unit × 300 units = 1,380 grams
Materials quantity variance = (AQ - SQ) × SP
= (2,400 grams - 1,380 grams) × $15.05 per gram
= (1,020 grams) × $15.05 per gram
= $15,351 U

The Following Materials Standards Have Been Established for a Particular