The Reynolds Company Makes Tables for Which the Following Standards

question 131

Multiple Choice

The Reynolds Company makes tables for which the following standards have been developed: $$\begin{array} { l l l } & \text { Standard Inputs } & \text { Standard Price } \\& \text { Expected for E ach } & \text { Expected per } \\& \text { Unit of Output } & \text { Unit of Output } \\\text { Direct materials } & \text { 10 pounds } & \$ 4 \text { per pound } \\\text { Direct labor } & 3 \text { hours } & \$ 16 \text { per hour }\end{array}$$ Production of 230 tables was expected in July, but 250 tables were actually completed. Direct materials purchased and used were 2,200 pounds at an actual price of $4.40 per pound. Direct labor cost for the month was $10,620, and the actual pay per hour was $18.00. _ is the direct- material price variance for July.

• A) $800 favorable
• B) $880 unfavorable
• C) $800 unfavorable
• D) $880 favorable

Apply properties of exponents in simplifying expressions involving powers.

Evaluate expressions with powers and roots accurately.

Understand and apply the distributive property to expand algebraic expressions.

Apply the concept of rational expressions in simplification.

---

Definitions:

Networking

The practice of interacting with others to exchange information and develop professional or social contacts.

Entrepreneurs

Individuals who take on the risk of starting and managing a business venture to achieve financial rewards and innovation.

Corporations

Legal entities recognized by law, created by individuals, shareholders, or stakeholders, with rights and liabilities distinct from those of its members, and existing for purposes such as profit, nonprofit activities, or governmental tasks.

Lifestyles

The ways in which individuals or groups live, encompassing their behaviors, attitudes, values, and consumption patterns, often reflecting socioeconomic status.