Cavern Company's Output for the Current Period Results in a $5,250

question 114

Multiple Choice

Cavern Company's output for the current period results in a $5,250 unfavorable direct material price variance.The actual price per pound is $56.50 and the standard price per pound is $55.00.How many pounds of material are used in the current period?

• A)5,393.
• B)5,110.
• C)3,500.
• D)3,750.
• E)4,000.

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Definitions:

Court of King's Bench

A historical court in England that dealt with common law matters, including civil and criminal cases.

Exchequer Court

A historical court in England responsible for managing the government's finances and adjudicating cases related to revenue and taxes.

Substantive Law

The set of laws that govern how members of a society are to behave, outlining rights and duties, as opposed to procedural law which outlines how those laws are enforced.

Procedural Law

Part of the legal system that dictates the process and methods by which the law is practiced and enforced.