Devoto Incorporated Has Provided the Following Data Concerning One of the Products

question 93

Multiple Choice

Devoto Incorporated has provided the following data concerning one of the products in its standard cost system. The company has reported the following actual results for the product for June:
The raw materials price variance for the month is closest to:

• A) $51,600 Unfavorable
• B) $48,568 Favorable
• C) $51,600 Favorable
• D) $48,568 Unfavorable

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Definitions:

Standard Form

In mathematics, standard form can refer to a way of writing numbers using the digits 0-9, with each digit having a place value. In the context of linear equations, it refers to Ax + By = C, where A, B, and C are integers.

Complex Numbers

A number that can be expressed in the form a + bi, where a and b are real numbers and i is the imaginary unit, satisfying the equation i^2 = -1.

Imaginary Unit

A mathematical constant represented as i, which is the square root of -1.

Demand Equation

Represents the relationship between the quantity demanded of a good and its price, often used in economics to predict consumer behavior.