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:

Part-time

Refers to jobs or positions that require fewer hours of work per week than full-time positions.

Dependent Variable

The factor in research that is likely to shift following modifications to the independent variable.

Independent Variable

An independent variable is one that is manipulated or categorised to observe its effect on a dependent variable.

New Yorkers

Residents or natives of New York City or the state of New York.