Shawn Incorporated Planned to Produce 3,000 Units of Its Single

question 49

Multiple Choice

Shawn Incorporated planned to produce 3,000 units of its single product, Megatron, during November. The standard specifications for one unit of Megatron include six pounds of material at $0.30 per pound. Actual production in November was 3,100 units of Megatron. The accountant computed a favorable materials price variance of $380 and an unfavorable materials quantity variance of $120. Based on these variances, one could conclude that: (CMA adapted)

• A) more materials were purchased than were used.
• B) more materials were used than were purchased.
• C) the actual cost of materials was less than the standard cost.
• D) the actual usage of materials was less than the standard allowed.

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Definitions:

Permanent Storage

The long-term preservation of information or data, typically in a way that it remains accessible for future reference.

Hippocampus

A critical part of the brain that plays a vital role in the creation of memories and the ability to navigate space.

Permanent Storage

A term generally used to refer to the long-term preservation of data or information in a manner that prevents its loss over time.

Good Night's Rest

Adequate, quality sleep, typically considered to be around 7 to 9 hours for adults, which is essential for physical, mental, and emotional health.