Fugate Company Planned to Use 1 Yard of Plastic Per

question 124

Multiple Choice

Fugate Company planned to use 1 yard of plastic per unit budgeted at $81 a yard. However, the plastic actually cost $80 per yard. The company actually made 2,600 units, although it had planned to make only 2,200 units. Total yards used for production were 2,640. How much is the total materials variance?

• A) $32,400 U
• B) $3,240 U
• C) $2,640 F
• D) $600 U

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Definitions:

Truth Values

The classification of propositions or statements according to their truthfulness, typically as true or false.

Short Form Truth Table

A simplified method for determining the validity of logical statements, showing only essential combinations of truth values.

Atomic Sentences

The simplest type of statement in logic, containing no logical operators and expressing a simple fact.

Truth Table

A mathematical table used in logic to determine the truth values of logical expressions based on their inputs, often used for propositions and Boolean variables.