The Standard Quantity of Materials for a Product Was 40

question 103

Multiple Choice

The standard quantity of materials for a product was 40 pounds per unit at the standard price of $2.00 per pound.The actual price per pound of materials was $1.50,and the actual quantity used was 44 pounds.An analysis would indicate

• A) a $20.00 favorable price variance.
• B) a $8.00 favorable quantity variance.
• C) a $6.00 unfavorable quantity variance.
• D) a $8.00 unfavorable quantity variance.

---

Definitions:

Arbitrator

A neutral third party who is appointed to make a decision in a dispute, typically binding, between two or more parties.

Process Control

Process control involves the use of systems and technologies to manage and regulate the operation of industrial processes to maintain desired outcomes.

Conflict Process

The sequence of events and interactions that occur from the beginning to the resolution of a conflict.

Positive Outcome

The beneficial result or effect of an action, situation, or decision.