Canevari Corporation makes a product that uses a material with the following standards: Standard Quantity:...
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Accounting
Canevari Corporation makes a product that uses a material with the following standards:
Standard Quantity: 3.0 kilos/unit
Standard price: $2/kilo
Standard Cost: $6/unit
The company budgeted for production of 1,300 units in April, but the actual production was 1,200 units. The company used 3,750 kilos of direct material to produce this output. The company purchased 4,100 kilos of the direct material at a total cost of $8,610 The direct materials purchases variance is computed when the materials are purchased.
The materials quantity variance for April is:
A. 315 F
B 300 U
C 300 F
D 315 U
Can someone show me how to work this problem? i'm not sure how to do it! Thanks!!
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