Use the Following Information for Questions

question 39

Multiple Choice

Use the following information for questions
Bridgeware Company has a materials price standard of $2.50 per kilogram.Four thousand kilograms of materials were purchased at $2.40 a kilogram.The actual quantity of materials used was 3,500 kilograms, although the standard quantity allowed for the output was 3,400 kilograms.
-Bridgeware Company's materials quantity variance is

• A)$250 U.
• B)$250 F.
• C)$340 F.
• D)$340 U.

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Definitions:

Councilman

An elected member of a council, tasked with legislating and making decisions for a local government area.

Descriptive Measure

A quantitative summary or representation of a set of data, used to describe the main features of a collection of information, including measures of central tendency and dispersion.

Population

The entirety of individuals or items under consideration for a statistical analysis or survey.

Parameter

A characteristic or measure that summarizes an aspect of a population or system, often used in statistical or mathematical models.