Backyard Creations purchased 7,000 feet of copper tubing at a price of $2.70 per foot and used 7,200 feet during the period.The standard quantity allowed for the

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Standard quantity allowed = 7,000 feetActual quantity used = 7,200 feetStandard price per foot = $2.70Favorable variance = (Standard quantity allowed - Actual quantity used) * Standard price per foot= (7,000 - 7,200) * $2.70= -200 * $2.70= -$540= $540 favorable

Backyard Creations Purchased 7,000 Feet of Copper Tubing at a Price