Materials Quantity Variance: Solving for Actual Quantity

question 13

Essay

Materials Quantity Variance: Solving for Actual Quantity
Toddca planned to produce 3,000 units of its single product, Terrgam, during November. The standard specifications for one unit of Terrgam include six pounds of material at $0.30 per pound. Actual production in November was 3,100 units of Terrgam. The accountant computed a favorable materials purchase price variance of $380 and an unfavorable materials quantity variance of $120.
Required:
Based on these data, calculate how many pounds of material were used in the production of Terrgam during November.

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Definitions:

Global Organizations

Companies that operate and have a presence in multiple countries around the world, often involved in international trade and commerce.

Service Standardization

The process of defining and adhering to consistent procedures and criteria for service delivery to ensure quality and predictability.

Operations-Related Tasks

Tasks that pertain to the day-to-day running and managing of a business’s operational activities.

Hard Rock Café

An international chain of theme restaurants known for its collection of rock-and-roll memorabilia.