Question - Sprinkle and Co consume 40,000 lbs. of brass to make 160,000 nozzles, and expect brass to cost $2.20 per pound. During March, the firm bought 44,000 pounds of brass for $96,800. It used 43,500 pounds to make 175,000 nozzles.
What is Sprinkle and Co's total materials cost variance (i.e., the variance due to purchase PLUS the variance due to use) for the month of March? Enter favorable variances as a positive number and unfavorable variances as a negative number.