Consider the Following Information

question 57

Multiple Choice

Consider the following information:
Direct material purchased and used, 80,000 gallons
Standard quantity of direct material allowed for May production, 76,000 gallons
Actual cost of direct materials purchased and used, $176,000
Unfavorable direct-material quantity variance, $9,400
The direct-material price variance is:

• A) $11,400F.
• B) $11,400U.
• C) $12,000F.
• D) $12,000U.
• E) None of the answers is correct.

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Definitions:

Guided Imagery

A relaxation technique that involves visualizing a peaceful scene or series of experiences in the mind to manage stress or pain.

Social Regulation

Regulations aimed at improving social welfare by addressing issues like environmental protection, worker safety, and fair trade practices.

Anticompetitive

Actions or policies that prevent or reduce competition in a market, often deemed illegal or unethical.

Innovation

A process of implementing new ideas, creating dynamic products, or improving existing services.