The Following Direct Materials Data Pertain to the Operations of Wright

question 74

Essay

The following direct materials data pertain to the operations of Wright Co. for the month of December.
Standard materials price $5.00 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 4% 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:

Deuterium Atoms

Heavy hydrogen atoms that contain one proton and one neutron in the nucleus, often used as a tracer or in nuclear reactors.

Catalytic Base

A substance that increases the rate of a chemical reaction by providing an alternative reaction pathway with lower activation energy, and which participates in the reaction as a base (accepting protons).

2-methylcyclohexanone

An organic compound consisting of a six-membered ring with a ketone functional group and a methyl group attached.

Enolate

An ion formed by the deprotonation of an alpha carbon of a carbonyl compound, involved in many important organic reactions.