-Calculate the Total Direct Materials Cost Variance

question 143

Multiple Choice

-Calculate the total direct materials cost variance.

• A) $9,262.50 unfavorable
• B) $9,262.50 favorable
• C) $3,780.00 unfavorable
• D) $3,562.50 favorable

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Definitions:

Retained Earnings

The portion of a company’s net profits that are kept within the company instead of being paid out to shareholders as dividends.

Net Income

The total profit of a company after all expenses, taxes, and costs have been subtracted from total revenue, often referred to as the bottom line.

Return on Equity

A financial ratio that measures the ability of a firm to generate profits from its shareholders' equity.

Net Income

The total profit of a company after all expenses, taxes, and costs have been subtracted from total revenue.