The standard materials cost to produce 1 unit of Product R is 6 pounds of material at a standard price of $44 per pound. In manufacturing 6,600 units, 37,500 pounds of material were used at a cost of $46 per pound. What is the direct materials quantity variance?

Material quantity variance =$92,400 favourable

Explanation:

The material quantity variance is the difference between the standard materials for the actual output achieved and the actual quantity used multiplied by the standard price.

It is the savings or losses that arise because the actual quantity of materials used is different from what ought to have been used.

                                                                                      pounds

6,600 units should have used (6,600× 6)   =             39,600    

but did use                                                                   37,500

quantity variance                                                          2100  favourable

standard price                                                            ×  $44

Material quantity variance                                          $92,400 favourable

answers

a: apartment building

b: bank

d: office.

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whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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