Glue for All Has Developed the Following Material Standard to Produce

question 4

Multiple Choice

Glue For All has developed the following material standard to produce one container of Glue-It: 96 ounces of Chemical A at $0.15 per ounce.Glue For All planned to produce 2,000 containers of Glue-It during July.The company purchased 1,500 gallons (192,000 ounces) of Chemical A at a cost of $0.14 per ounce in July.The company used 1,480 gallons of materials to produce 1,950 containers of Glue-It.How much is the material quantity variance?

• A)$1,920 favorable
• B)$1,894 favorable
• C)$336 unfavorable
• D)$1,584 unfavorable

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Definitions:

Promotional Strategies

Plans designed to inform, persuade, or remind target audiences about products or services, typically aiming to enhance sales or create brand loyalty.

Idea Screening

The process of evaluating new ideas to identify those with the greatest potential for further development and success in the market.

New-product Development

The process of bringing a new product to the marketplace, from the initial idea through research and development to eventual launch.

Online Communities

Groups of people who interact and share content or interests through the internet, often via forums, social media, or specialized platforms.