Answered

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Kahn Performance Nutrition produces a protein shake that contains whey protein as one of its ingredients. The whey protein (materials) standards for each batch of protein shake produced are 12 pounds of whey protein at a standard cost of $3 per pound. During July, Kahn Performance Nutrition purchased and used 54,000 pounds of whey protein at a total of $170,000 to make a total of 4,300 batches of protein shake. What is the materials quantity variance for whey protein in July?

Sagot :

Cricetus

Answer:

The correct answer is "-$7200 (Unfavorable)".

Explanation:

Given:

Actual quantity,

= 54000 pounds

Standard price,

= $3 per pound

Standard quantity,

= [tex]4300\times 12[/tex]

= [tex]51600 \ pounds[/tex]

As we know,

⇒ [tex]Material \ quantity \ variance=(Standard \ quantity-Actual \ quantity)\times Standard \ price[/tex]By substituting the values, we get

⇒                                          [tex]=(51600-54000)\times 3[/tex]

⇒                                          [tex]=(-2400)\times 3[/tex]

⇒                                          [tex]=-7200 \ (Unfavorable)[/tex]

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