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

---

Definitions:

Unemployed Person

An individual who is capable of working, actively seeking work, but unable to find a job.

U-3 Measure

A specific unemployment rate measure that counts the number of unemployed individuals who are actively seeking employment as a percentage of the labor force.

Official Unemployment Rate

The percentage of the labor force that is jobless and actively seeking employment, as determined by government statistics.

Spells Of Unemployment

Periods during which an individual is unemployed or out of work but actively seeking employment.