A Company Developed the Following Per-Unit Standards for Its Product

question 80

Multiple Choice

A company developed the following per-unit standards for its product: 2 pounds of direct materials at $4 per pound. Last month, 1,000 pounds of direct materials were purchased for $3,800. The direct materials price variance for last month was

• A) $3,800 favorable.
• B) $200 favorable.
• C) $100 favorable.
• D) $200 unfavorable.

Understand the impact of outliers on measures of central tendency.

Describe the characteristics of a normal distribution curve.

Understand the concept of correlation and how it does not imply causation.

Calculate and interpret variability measures such as standard deviation and range.