Kramer Inc. has a materials price standard of $2.00 per pound. Six thousand pounds of materials were purchased at $2.20 a pound. The actual quantity of materials used was 6,000 pounds, although the standard quantity allowed for the output was 5,400 pounds. Kramer Inc.'s total materials variance is Group of answer choices

$1,200U

Explanation:

Calculation to determine what the total materials variance is

Using this formula

Total materials variance = [(AQ × AP) - (AQ × SP)]

Where;

AQ represent Actual quantity = 6,000 pounds

AP represent Actual price = $2.20

SP represent Standard price = $2

Let plug in the formula

Total materials variance = [(6,000 × $2.20) - (6,000 × $2)]

Total materials variance = [($13,200) - ($12,000)]

Total materials variance = $1,200U

Therefore the total materials variance is $1,200U

if you use only 25 for your entertainment and only 200 for the groceries that you really need and take out the 50 per month for the computer then that should be enough