Edgar, Inc has mateirals price standard of $2.00 per pound. Six thousand pounds of materials...
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Accounting
Edgar, Inc has mateirals price standard of $2.00 per pound. Six thousand pounds of materials were purchased at $2.20 a pound. The actual quanity of materials used was 6,000 pounds, although the standard quantity allowed for the output was 5,400 pounds.
Edgar, Inc's materials quanitity variance is
1) $1,200 unfavorable
2) $1,200 Favorable
3) $1320 F
4) $1320 U
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