Asked by
Whitley Smith
on Oct 10, 2024
Verified
The raw materials quantity variance for the month is closest to:
A) $86 U
B) $86 F
C) $94 U
D) $94 F
Raw Materials Quantity Variance
The difference between the actual quantity of raw materials used in production and the standard quantity expected to be used, multiplied by the standard cost per unit of raw material.
- Pinpoint the determinants that impact the quantity variance of raw materials.
- Decode the characteristics that distinguish between favorable (F) and unfavorable (U) variances.
Verified Answer
IZ
Learning Objectives
- Pinpoint the determinants that impact the quantity variance of raw materials.
- Decode the characteristics that distinguish between favorable (F) and unfavorable (U) variances.