QUESTION 17 Assume the following: The standard price per pound is $2.30 The standard...
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QUESTION 17 Assume the following: The standard price per pound is $2.30 The standard quantity of pounds allowed per unit of finished goods is 4 pounds. The actual quantity of materials purchased was 53,000 pounds, whereas the quantity of materials used in production was 50,600 pounds. The actual purchase price per pound of materials was $2.25. The company produced 13,000 units of finished goods during the period. What is the materials quantity variance? $3,150 F O $5,520 F $5,400 F $3.220 F
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