The Following Materials Standards Have Been Established for a Particular

question 33

Multiple Choice

The following materials standards have been established for a particular product:

The following data pertain to operations concerning the product for the last month:

The direct materials purchases variance is computed when the materials are purchased.
-What is the materials quantity variance for the month?

• A)$1,260 U
• B)$1,309 U
• C)$11,220 U
• D)$10,800 U

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Definitions:

Balance Sheet Accounts

Accounts that are represented on the balance sheet, including assets, liabilities, and equity accounts.

Financing Activities

Involve transactions between a company and its investors and creditors, impacting the firm's capital structure.

Cash Dividend

A distribution of a company's earnings to its shareholders, typically in the form of cash.

Comparative Balance Sheet

A financial statement that presents the financial position of a company at two or more different points in time.