(Solution) - In October 5 000 meters of raw material were purchased at -(2025 Original AI-Free Solution)

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In October, 5,000 meters of raw material were purchased at an actual cost of $4.50 per meter. During October, 4,850 meters of the raw material were used to produce 2,400 units of the completed product. Standards call for 2 meters of the raw material for each unit of the completed product. The standard price of the raw material is $4.70 per meter. The materials variances for October were:
Materials price variance Materials quantity variance
A) $970 ........ F $225 U
B) $1000 ........ F $225 U
C) $970 ........ F $235 U
D) $1000 ........ F $235 U