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Business, 11.06.2021 18:50 alexandria3498

Luma Inc. has provided the following data concerning one of the products in its standard cost system. InputsStandard Quantity or Hours per Unit of OutputStandard Price or RateDirect materials4.8 ounces$6.90 per ounceThe company has reported the following actual results for the product for September:Actual output2,100unitsRaw materials purchased10,500ouncesActual price of raw materials$7.80per ounceActual cost of raw materials purchased$81,900Raw materials used in production10,090ouncesThe raw materials quantity variance for the month is closest to:A) $69 FB) $78 FC) $69 UD) $78 U

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Luma Inc. has provided the following data concerning one of the products in its standard cost system...
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