Bender Corporation Produced 100 Units of Product AA What Is the Material Price Variance for Bender Corporation?
A)$30

question 18

Multiple Choice

Bender Corporation produced 100 units of Product AA. The total standard and actual costs for materials and direct labor for the 100 units of Product AA are as follows: $\begin{array} { l } \text { Materials:}&& \text {Standard }& \text {Actual }\\ \text { Standard:}& \text {210 pounds at \( \$ 3.00 \) per pound }&\$630\\ \text {Actual: }& \text {240 pounds at \( \$ 2.85 \) per pound }&&\$684\\\\ \text {Direct labor: } \text { Standard: 400 hours at \( \$ 15.00 \) per hour}&6,000\\ \text {Actual: 368 hours at \( \$ 16.50 \) per hour }&&6,072\end{array}$
What is the material price variance for Bender Corporation?

• A)$30 (U)
• B)$90 (F)
• C)$36 (U)
• D)$36 (F)

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Definitions:

Attitude

An inclination within the psyche to judge an observed entity with a level of preference or aversion.

Decisive Personality

A characteristic trait of individuals who can make choices quickly and confidently, often showing firmness and determination in their actions.

Cognitive Dissonance

A psychological concept referring to the mental discomfort experienced by a person who holds contradictory beliefs, ideas, or values.

Leon Festinger

An American social psychologist renowned for developing the theory of cognitive dissonance, which describes the psychological discomfort resulting from holding contradictory beliefs or attitudes.