Regent Corp

question 95

Essay

Regent Corp.uses a standard cost system to account for the costs of its one product.Materials standards are 3 pounds of material at $14 per pound,and labor standards are 4 hours of labor at a standard wage rate of $11.During July Regent Corp.produced 3,300 units.Materials purchased and used totaled 10,100 pounds at a total cost of $142,650.Payroll totaled $146,780 for 13,150 hours worked.Calculate the:
a.direct materials price variance.
b.direct materials quantity variance.

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Definitions:

Waist-to-Hip Ratio

A measurement that compares the circumference of the waist to that of the hips to assess body fat distribution and potential health risks.

Income

The amount of money received by an individual or group over a certain period, typically earned through work, investments, or other sources.

Attractiveness

The property of having qualities that are appealing or pleasing in appearance or other traits.

Burdened

Feeling overwhelmed or heavily weighed down by responsibilities, problems, or difficulties.