The Following Materials Standards Have Been Established for a Particular

question 114

Multiple Choice

The following materials standards have been established for a particular product: The following data pertain to operations concerning the product for the last month:
The direct materials purchases variance is computed when the materials are purchased.What is the materials price variance for the month?

• A) $480 Favorable
• B) $430 Favorable
• C) $430 Unfavorable
• D) $480 Unfavorable

---

Definitions:

American Medical Association

A professional group that represents the interests of physicians and the advancement of public health in the United States.

Licenses

Official permissions or authorizations, usually issued by a governmental entity, required to engage in certain activities or professions.

Doctors

Professionally trained individuals who diagnose and treat illnesses, perform medical procedures, and promote health and well-being.

Licensed Taxicabs

Authorized taxi services that have obtained the necessary permits and licenses from the government to operate legally.