The Following Direct Materials Data Pertain to the Operations of Osborn

question 172

Essay

The following direct materials data pertain to the operations of Osborn Manufacturing Company for the month of December.
Standard materials price $4.00 per pound
Actual quantity of materials purchased and used 16,500 pounds
The standard cost card shows that a finished product contains 4 pounds of materials. The 16,500 pounds were purchased in December at a discount of 5% from the standard price. In December, 4,000 units of finished product were manufactured.
Instructions
Prepare a matrix for materials and calculate the materials variances.

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Definitions:

Recursive Methods

Functions or methods in programming that solve problems by calling themselves with modified arguments, often with a base case to end the recursion.

Stopping Case

A condition used to terminate a recursive function, preventing it from running indefinitely.

Binary Search Algorithm

An efficient algorithm for finding an item from a sorted list of items, working by repeatedly dividing in half the portion of the list that could contain the item.

Base Case

The condition that allows a recursive algorithm to stop, ensuring that the recursion doesn’t continue indefinitely.