Gipple Corporation Makes a Product That Uses a Material with the Quantity

question 118

Multiple Choice

Gipple Corporation makes a product that uses a material with the quantity standard of 9.2 grams per unit of output and the price standard of $7.90 per gram. In January the company produced 5,300 units using 26,770 grams of the direct material. During the month the company purchased 29,300 grams of the direct material at $8.00 per gram. The direct materials purchases variance is computed when the materials are purchased.The materials price variance for January is:

• A) $4,876 Favorable
• B) $2,930 Unfavorable
• C) $4,876 Unfavorable
• D) $2,930 Favorable

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Definitions:

Formal Operational

Refers to the stage of cognitive development in Piaget's theory where individuals develop the ability to think abstractly and reason logically.

Freud's Arguments

Refers to the theories and concepts developed by Sigmund Freud that suggest the human psyche is structured into three parts: the id, ego, and superego, emphasizing the role of unconscious processes in shaping behavior and personality.

Moral Thinking

The process of reasoning about what, morally, one ought to do, often involving considerations of rights, obligations, benefits to society, fairness, or virtue.

Empirical Research

A way of gaining knowledge by means of direct observation or experience, utilizing scientific methods.