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Pericloud Company uses a standard costing system. The following information pertains to direct materials for July:...

Pericloud Company uses a standard costing system. The following information pertains to direct materials for July:

​

Standard price per lb.

$20.00

Actual purchase price per lb.

$18.00

Quantity purchased

2,000 lbs.

Quantity used

1,400 lbs.

Standard quantity allowed for actual output

1,450 lbs.

Actual output

500 units

​

Pericloud Company reports its material price variances at the time of purchase. What is the material usage variance for Pericloud Company?

a.

$1,000 F
b.

$2,450 F
c.

$7,850 U
d.

$1,900 U
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Answer #1


quanが u,ed 20 So lbs - 4 bs 1$ 1000 F

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