ToolTime Has a Standard of 1

question 102

Multiple Choice

ToolTime has a standard of 1.5 pounds of materials per unit, at $4 per pound. In producing 2,000 units, ToolTime used 3,100 pounds of materials at a total cost of $12,090. ToolTime's materials quantity variance is

• A) $90 F.
• B) $310 U.
• C) $400 U.
• D) $700 U.

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Definitions:

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