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28 January, 18:23

In the haden company, the standard material cost for the silk used in making a dress is $27.00 based on three square feet of silk at a cost of $9.00 per square foot. the production of 1,000 dresses resulted in the use of 3,400 square feet of silk at a cost of $9.20 per square foot. the materials quantity variance is

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  1. 28 January, 18:25
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    To solve for the materials quantity variance, we have the formula below:

    Materials Quantity Variance = (Actual Quantity Used * Standard Rate) - (Standard Quantity Allowed * Standard Rate)

    The solution is shown below:

    Materials Quantity Variance = ($9.20 - $9.00) * 3400

    Materials Quantity Variance = $680

    The answer is $680.
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