The standard cost card for a product shows that the product should use 4 kilograms of material B per finished unit and that the standard price of material B is $4.50 per kilogram.During April,when the budgeted production level was 1,000 units,1,040 units were actually made.A total of 4,100 kilograms of material B were used in production and the inventories of material B were reduced by 300 kilograms during April.The total cost of material B purchased during April was $14,400.The material variances for material B during April were: 
Definitions:
Raw Materials
Basic materials used in the manufacturing process that are not yet processed or transformed.
Accounts Payable
The amounts a company owes to suppliers or creditors for products or services bought on credit.
Job-Order Costing System
An accounting method used to track the costs associated with producing specific jobs or batches of products.
Overapplied
Refers to a situation where the amount of overhead allocated to products exceeds the actual overhead incurred, creating an overapplied balance.
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