A Company Developed the Following Per Unit Materials Standards for Its

question 6

Multiple Choice

A company developed the following per unit materials standards for its product: 3 pounds of direct materials at $5 per pound. If 12000 units of product were produced last month and 37500 pounds of direct materials were used the direct materials quantity variance was

• A) $4500 favorable.
• B) $7500 unfavorable.
• C) $4500 unfavorable.
• D) $7500 favorable.

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Definitions:

Expert Witness

A specialist in a particular field, called to testify in court cases because of their expertise, to provide a professional opinion on specific matters.

Eye Witness

An individual who has directly observed an event and can provide a firsthand account of it.

Subpoena

A legal document issued by a court that orders an individual to appear as a witness or produce evidence in a legal proceeding.

Receipt-Of-Service

A document or notification confirming the delivery and receipt of legal documents or other important materials.