Gazelle company has the following materials standards have, Ask an Expert

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Gazelle Company has the following materials standards have been established for a particular product:

Standard quantity per unit of output 2.0 meters

Standard price $ 10.00 per meter

The following data pertain to operations concerning the product for the last month:

Actual materials purchased 3,000 meters

Actual cost of materials purchased $ 40,000

Actual materials used in production 2,500 meters

Actual output 1,200 units

What is the materials quantity variance for the month?

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91972339

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