A Company Uses 40,000 Kilograms of Materials for Which They

question 16

Multiple Choice

A company uses 40,000 kilograms of materials for which they paid $9.00 a kilogram.The materials price variance was $80,000 favourable.What is the standard price per kilogram?

• A)$2.00
• B)$7.00
• C)$10.00
• D)$11.00

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Definitions:

Champagne of Drugs

A colloquial term sometimes used to refer to high-quality or expensive recreational drugs that are perceived as luxurious or desirable.

Caviar Among Drugs

A colloquial term likely referring to a highly expensive and sought-after illegal drug, comparing its exclusivity and luxury status to that of caviar in the food world.

Ethnic Group

refers to a community or population made up of people who share a common cultural background or descent, which can include traditions, language, and often a shared ancestry.

Moderate Drinking

The consumption of alcohol within limits considered to be low-risk or without causing harm to health and well-being.