Perez, Inc

question 6

Multiple Choice

Perez, Inc. recently completed 56,000 units of a product that was expected to consume four pounds of direct material per finished unit. The standard price of the direct material was $8.50 per pound. If the firm purchased and consumed 228,000 pounds in manufacturing (cost = $1,881,000) , the direct-material quantity variance would be figured as:

• A) $34,000U.
• B) $34,000F.
• C) $57,000U.
• D) $57,000F.
• E) None of the answers is correct.

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Definitions:

Instrumentality

The perception or belief about the extent to which a particular action will lead to a desired outcome.

Evolutionary Theory

A scientific explanation for the diversity of life, proposing that species change over time through mechanisms like natural selection and genetic drift.

Offspring Survival

Refers to the ability of an offspring to survive to reproductive age, encompassing factors like health, protection, and nourishment provided by the parents.

Evolutionary Psychologists

Scientists who study the psychological structures from an evolutionary perspective, theorizing that human behaviors and mental processes have evolved to solve adaptive problems.