Asked by
Mariana Martin
on Oct 10, 2024
Verified
The materials quantity variance for August is:
A) $10,980 F
B) $11,346 U
C) $10,980 U
D) $11,346 F
Materials Quantity Variance
A measure of the difference between the actual quantity of materials used in production and the standard quantity expected to be used, multiplied by the standard cost per unit of materials.
August
The eighth month of the year in the Gregorian calendar.
- Ascertain the elements that identify a variance as favorable (F) versus unfavorable (U).
- Comprehend the method for calculating the quantity variance of materials.
Verified Answer
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Learning Objectives
- Ascertain the elements that identify a variance as favorable (F) versus unfavorable (U).
- Comprehend the method for calculating the quantity variance of materials.