In the haden company, the standard material cost for the silk used in making a dress is $27.00 based on three square feet of sil
k at a cost of $9.00 per square foot. the production of 1,000 dresses resulted in the use of 3,400 square feet of silk at a cost of $9.20 per square foot. the materials quantity variance is
To solve for the materials quantity variance, we have the formula below: Materials Quantity Variance = (Actual Quantity Used * Standard Rate) - (Standard Quantity Allowed * Standard Rate)
The solution is shown below: Materials Quantity Variance = ($9.20 - $9.00)*3400 Materials Quantity Variance = $680
* r^2