70.2K
Verified Solution
Link Copied!
The following materials standards have been established for a particular product:
Standard quantity per unit of output5.0metersStandard price$17.70per meter
The following data pertain to operations concerning the product for the last month:
Actual materials purchased7,900metersActual cost of materials purchased$143,780 Actual materials used in production7,400metersActual output1,450units
What is the materials price variance for the month?
Multiple Choice
$8,400 U
$3,950 U
$2,730 U
$10,400 U
Answer & Explanation
Solved by verified expert
