1 stiner company has a materials price standard of 2 00 372586

1. Stiner Company has a materials price standard of $2.00 per pound. Five thousand pounds of materials were purchased at $2.20 per pound. The actual quantity of materials used was 5,000 pounds, although the standard quantity allowed for the output was 4,500 pounds.

Stiner Company’s materials price variance is

A)$100 U.

B)$1,000 U.

C)$900 U.

D)$1,000 F.

2. Stiner Company has a materials price standard of $2.00 per pound. Five thousand pounds of materials were purchased at $2.20 per pound. The actual quantity of materials used was 5,000 pounds, although the standard quantity allowed for the output was 4,500 pounds.

Stiner Company’s materials quantity variance is

(A)$1,000 U.

(B)$1,000 F.

(C)$1,100 F.

(D)$1,100 U.

3. Stiner Company has a materials price standard of $2.00 per pound. Five thousand pounds of materials were purchased at $2.20 per pound. The actual quantity of materials used was 5,000 pounds, although the standard quantity allowed for the output was 4,500 pounds. Stiner Company’s total materials variance is

(A)$2,000 U.

(B)$2,000 F.

(C)$2,100 U.

(D)$2,100 F.