CourseLover

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Teaching Since: May 2017
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    Devry University
    Sep-2004 - Aug-2010

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    NatSteel Holdings Pte Ltd
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Category > Management Posted 21 Dec 2017 My Price 10.00

How much is the material quantity variance?

Electric Zero produces relay units for generators. Each relay has a standard material cost of $67. Standards call for two relays per generator. In July, the company purchased 120 relays for $7,560. The company used 104 relays in the production of 50 generators, with 4 relays damaged in the installation process. The standard quantity of labor is 20 hours per generator, with a standard wage rate of $23. The company incurred 1,020 labor hours at a cost of $22,950. How much is the material quantity variance?

Answers

CourseLover
(12)
Status NEW Posted 21 Dec 2017 01:12 PM My Price 10.00

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