Question - Sand Soap Company management is analyzing the company's standard cost variances for direct materials for the most recent period. The following information was available from company records.
Actual quantity of materials used 36,000 units
Budgeted quantity of materials used 34,000 units
Actual price paid for materials $9 per unit
Budgeted price paid for materials $11 per unit
There were no increases or decreases in inventories during the period. Calculate the materials quantity variance for the period.