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Fraize Corporation Makes a Product That Uses a Material with the Quantity

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Fraize Corporation makes a product that uses a material with the quantity standard of 9.5 kilos per unit of output and the price standard of $4.00 per kilo. In July the company produced 7,000 units using 68,850 kilos of the direct material. During the month the company purchased 73,600 kilos of the direct material at $3.70 per kilo. The direct materials purchases variance is computed when the materials are purchased.
-The materials quantity variance for July is:

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Definitions:

Evolution

The mechanism by which diverse living entities are considered to have emerged and spread from their predecessors over the course of earthly history.

Genetic Changes

Alterations in the DNA sequence of an organism, which can be due to mutations, gene flow, genetic drift, or natural selection.

Vertebrates

A subphylum of chordates that includes fishes, amphibians, reptiles, birds, and mammals; possess a bony vertebral column.

Common Ancestor

The latest ancestor from whom all members of a specific group directly originate.

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