Titan Company has a materials price standard of $4.00 per pound. Twelve thousand pounds of materials were purchased at $4.40 a pound. The actual quantity of materials used was 12,000 pounds, although the standard quantity allowed for the output was 10,800 pounds. Titan's total materials variance is: A. $10,080 F B. $9,600 F C. $9,600 U D. $10,080 U Titan's materials price variance is A. $480 U B. $4,800 U C. $4,320 U D. $4,800 F

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Titan Company has a materials price standard of $4.00 per pound. Twelve thousand pounds of materials were purchased at $4.40 a pound. The actual quantity of materials used was 12,000 pounds, although the standard quantity allowed for the output was 10,800 pounds.

Titan's total materials variance is:

A. $10,080 F
B. $9,600 F
C. $9,600 U
D. $10,080 U

Titan's materials price variance is

A. $480 U
B. $4,800 U
C. $4,320 U
D. $4,800 F
 
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