Use the Following Information for Questions

question 39

Multiple Choice

Use the following information for questions
Bridgeware Company has a materials price standard of $2.50 per kilogram.Four thousand kilograms of materials were purchased at $2.40 a kilogram.The actual quantity of materials used was 3,500 kilograms, although the standard quantity allowed for the output was 3,400 kilograms.
-Bridgeware Company's materials quantity variance is

• A)$250 U.
• B)$250 F.
• C)$340 F.
• D)$340 U.

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Definitions:

Structuralist View

An economic perspective that emphasizes the role of structural factors, such as institutional, social, and technological aspects, in determining economic outcomes.

Allocative Inefficiency

A situation in which resources are not allocated in a way that maximizes total welfare or societal well-being.

Illegal Business Behaviors

Illegal business behaviors encompass actions by companies that violate laws or regulations, such as fraud, insider trading, and environmental violations.

Natural Monopoly

A market condition where a single firm can supply the entire market's demand for a good or service more efficiently than multiple competing firms due to high fixed or startup costs associated with the industry.