Homework Answers
Materials Quantity Variance = (Standard Quantity * Standard Price) - (Actual Quantity *Standard Price)
1,000 = (Standard Quantity - Actual Quantity) *Standard Price
1,000 = (Standard Quantity - 23,500 ) * $ 2
500 =(Standard Quantity - 23,500 )
Standard Quantity = 23,500 + 500
= 24,000 kilograms
Hence the correct answer is 24,000 kilograms
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