The Following Materials Standards Have Been Established for a Particular

question 92

Multiple Choice

The following materials standards have been established for a particular product: The following data pertain to operations concerning the product for the last month:
What is the materials price variance for the month?

• A) $3,141 U
• B) $2,025 U
• C) $8,600 U
• D) $8,725 U

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Definitions:

Issue Price

The price at which new securities are offered to the public by the issuer.

Simple Interest

Interest calculated only on the initial principal of a loan or deposit, without compounding.

Annually

Refers to something that happens once every year.

Simple Interest

Interest figured solely on the initial sum, excluding any compounded amounts.