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Raw material at a price of 1225 per pound and used 3280

Briggs Company produces one product, the H2001. Each unit of H2001 requires 6.5 pounds of raw material with a standard cost of $12.00 per pound. During July, Briggs purchased 3,500 pounds of this raw material at a price of $12.25 per pound and used 3,280 pounds to produce 500 units of the H2001. Calculate the material quantity variance.

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Accounting Basics: Raw material at a price of 1225 per pound and used 3280

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Accounting Basics: Raw material at a price of 1225 per pound and used 3280

Reference No:- TGS02614349

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