The Following Information Summarizes the Standard Cost for Producing One

question 53

Multiple Choice

The following information summarizes the standard cost for producing one metal tennis racket frame at Spaulding Industries. In addition, the variances for one month's production are given. Assume that all inventory accounts have zero balances at the beginning of the month.
$\begin{array}{lcc}&\text { Standard Cost Per }&\text {Standard Monthly }\\&\text { Uunit}&\text { Costs}\\\text { Materials } & \$ 4.00 & \$ 8,400 \\\text { Direct Labor 2 hrs @ \$2.60 } & 5.20 & 10,920\\\text { Factory Overhead: } & & \\\text { Variable } & 1.80 & 3,780 \\\text { Fixed } & \underline{5.00} & \underline{10,500}\\& \underline{\$16.00}& \underline{\$33,600}\end{array}$

$\begin{array}{llrl}\text { Variances: }\\\text { Material price } & \$ 244.75 & \text { unfavorable } \\\text { Material quantity } & \$ 500.00 & \text { unfavorable } \\\text { Labor rate } & \$ 520.00 & \text { favorable } \\\text { Labor efficiency } & \$ 2,080.00 & \text { unfavorable }\end{array}$


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What was the actual price per unit paid for the direct material during the month, assuming all materials purchased were put into production?

• A) $4.34
• B) $4.22
• C) $4.11
• D) $4.00

Recognize transitional expressions that signal cause and effect.

Analyze the health risks associated with cigarette smoking.

Evaluate the impact of historical decisions, such as Truman's order to drop atomic bombs on Japan.

Examine the consequences of legal decisions, such as sentencing in a kidnapping case.

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Definitions:

Freedom of Association

The right to join, form, or participate in any group or assembly, typically pertaining to unions, clubs, or political organizations, without interference.

Sexual Nonconformist

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Deviant Personality

A personality trait or disorder characterized by behaviors that deviate significantly from societal norms or expectations.

Sex Researchers

Professionals who study sexual behavior, preferences, and physiology to understand human sexuality.