The standard materials cost to produce 1 unit of Product R is 6 pounds of material at a standard price of $44 per pound. In manufacturing 6,600 units, 37,500 pounds of material were used at a cost of $46 per pound. What is the direct materials quantity variance?

Material quantity variance =$92,400 favourable

Explanation:

The material quantity variance is the difference between the standard materials for the actual output achieved and the actual quantity used multiplied by the standard price.

It is the savings or losses that arise because the actual quantity of materials used is different from what ought to have been used.

                                                                                      pounds

6,600 units should have used (6,600× 6)   =             39,600    

but did use                                                                   37,500

quantity variance                                                          2100  favourable

standard price                                                            ×  $44

Material quantity variance                                          $92,400 favourable

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