During the month the company purchased 73600 kilos of the, Ask an Expert

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Fraize Corporation makes a product that uses a material with the quantity standard of 9.5 kilos per unit of output and the price standard of $4.00 per kilo. In July the company produced 7,000 units using 68,850 kilos of the direct material. During the month the company purchased 73,600 kilos of the direct material at $3.70 per kilo. The direct materials purchases variance is computed when the materials are purchased.

The materials quantity variance for July is:

A. $9,400 U

B. $8,695 U

C. $9,400 F

D. $8,695 F

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M952252

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