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View Full Version : Standard costs and variances


Ansted
Dec 9, 2011, 02:23 PM
Greenleaf's flexible budget for June, based on actual output, called for the use of 10,000 sq ft of materials at a standard cost of $9.90 per sq ft. Company records show that the actual price paid for materials used in June were $9.70 per sq foot and that the direct material variance price variance for the month was $2,090 favorable. The materials quantity variance for Greenleaf's June operation is what?
1,000 favorable
4,455 unfavorable
4,365 favorable
Impossible to determine from the data given