Denmark Corporation's Variance Report for the Purchasing Department Reports 1000

question 228

Multiple Choice

Denmark Corporation's variance report for the purchasing department reports 1000 units of material A purchased and 2400 units of material B purchased. It also reports standard prices of $2 for Material A and $3 for Material B. Actual prices reported are $2.10 for Material A and $2.80 for Material B. Denmark should report a total price variance of

• A) $380 F.
• B) $340 F.
• C) $340 U.
• D) $380 U.

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Definitions:

Intermediaries

Entities or individuals that act as middlemen in the distribution channel, facilitating transactions between producers and consumers.

Multichannel Marketing

The practice of using multiple platforms, such as online, in-store, or catalog, to market products or services to consumers.

Traditional Delivery

This term refers to conventional methods of delivering goods or services, such as mail or in-person services, as opposed to digital or automated solutions.

Electronic Marketing

Utilizing digital platforms and technologies to promote products, services, or brands to potential customers.