A Company Uses 20000 Pounds of Materials for Which It

question 186

Multiple Choice

A company uses 20000 pounds of materials for which it paid $6.00 a pound. The materials price variance was $15000 unfavorable. What is the standard price per pound?

• A) $0.75
• B) $5.25
• C) $6.00
• D) $6.75

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Definitions:

Rectangle Area

The area of a rectangle is calculated by multiplying its length by its width.

Width

Width refers to the measurement or extent of something from side to side; in geometry, it is often used to describe the shorter side of a rectangle.

Division

A mathematical operation that is the inverse of multiplication; it involves splitting a quantity into equal parts.

Simplify

Reducing an expression or equation to its simplest form, often by combining like terms and applying arithmetic operations.