Figure 10-9

question 104

Multiple Choice

Figure 10-9. James Company manufactures t-shirts.During the year,it manufactured 250,000 t-shirts,using 2 hours of direct labor at a rate of $8.50 per hour.The materials and labor standards for manufacturing the t-shirts are:
It took James 1,400,000 yards at $2.50 per yard to make the 250,000 t-shirts.
Refer to Figure 10-9.What is James' materials price variance assuming that materials purchased equals materials used?

• A)$750,000 F
• B)$700,000 F
• C)$700,000 U
• D)$750,00 U

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Definitions:

Challenging

Describes something that is demanding and tests one's abilities, often in a way that is stimulating or rewarding.

Gratitude

A feeling of thankfulness and appreciation, often in response to receiving help or kindness from others.

Virtue

Moral excellence and righteousness; qualities or traits that embody the best of human character.

Peterson's Guidelines

A set of principles or recommendations, presumably named after an individual named Peterson, which could relate to any number of fields or practices depending on context.