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    Dec 9, 2011, 02:23 PM
    Standard costs and variances
    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

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