In Command Ltd Completed Operations for the Week and the Accountant

question 37

Multiple Choice

In Command Ltd completed operations for the week and the accountant was preparing to make journal entries necessary to prepare a set of interim financial statements. Unfortunately, he discovered some of the data concerning direct materials had been lost. He was able to find the following: $$\begin{array} { l l } \text { Efficiency variance } & \$ 9,000 \text { Unfavourable } \\\text { Stardard price } & \$ 10 \text { per unit } \\\text { Actual units purchased } & 18,000 \\\text { Inventory decrease } & 1,000 \text { units } \\\text { Budget variarice } & \$ 1,800 \text { Favourable }\end{array}$$ The standard quantity of direct materials allowed for the month was:

• A) 17,100
• B) 9,000
• C) 17,000
• D) 9,550

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Definitions:

Verdict

A formal decision made by a jury.

Judgment Notwithstanding

A legal decision where the court overturns the jury's verdict because the facts do not legally support the decision.

Jury Verdict

The decision made by a jury at the end of a trial, regarding the guilt or innocence of the defendant or the resolution of a civil dispute.

Motion

A formal request made to a court or judge for an order or ruling in favor of the requester.