April Corporation Developed the Following Per-Unit Standards for Its Product

question 42

Multiple Choice

April Corporation developed the following per-unit standards for its product: 2 pounds of direct materials at $3.75 per pound.Last month, 2,000 pounds of direct materials were purchased for $7,600.The direct materials price variance for last month was:

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

---

Definitions:

Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity supplied by producers.

Quantity Supplied

The amount of a good or service that producers are willing and able to sell at a given price over a specified period.

Coffee

A brewed drink prepared from roasted coffee beans, the seeds of berries from certain Coffea species.

Cod Supply Curve

Assuming this is a typographical error for "Cost Supply Curve," but if referring specifically to cod (the fish), it's not a standard economic term, thus NO.