Reference: 11-07 The Following Materials Standards Have Been Established for a Particular

question 3

Multiple Choice

Reference: 11-07
The following materials standards have been established for a particular product:
Standard quantity per unit of output: 4.4 grams
Standard price: $13.20 per gram
The following data pertain to operations concerning the product for the last month: Actual materials purchased: 4,800 grams
Actual cost of materials purchased: $62,880
Actual materials used in production: 4,300 grams
Actual output: 700 units
-What is the materials price variance for the month?

• A)$480 F.
• B)$430 F.
• C)$480 U.
• D)$430 U.

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Definitions:

University Health Clinic

A medical facility located within a college or university that provides health services to students and staff.

Information Packets

Collections of data or documents related to a specific topic, often used for educational or informational purposes.

Behaviour-Specific Cognitions

Thought processes that are directed towards particular behaviors or outcomes, which can influence an individual's actions and decisions in specific situations.

Fitness Club

A facility equipped with exercise equipment, classes, and sometimes additional amenities, aimed at helping members achieve physical fitness and health.