Material quantity variance = (standard quantity-actual quantity)*standard price | |||||||
standard quantity = (5.8*2400) = 13920 | |||||||
actual quantity = (19400-3620) = 15780 | |||||||
material quantity variance = (13920-15780)*0.60 | |||||||
material quantity variance = 1116 U | |||||||
Option 1116 U is CORRECT |
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