Perfect Builders Makes All Sorts of Moldings

question 122

Multiple Choice

Perfect Builders makes all sorts of moldings. Its standard quantity of material allowed is 1 foot of wood per 1 foot of molding at a standard price of $2.00 per foot. During August, it purchased 500,000 feet of wood at a cost of $1.90 per foot, which produced only 499,000 feet of molding. Calculate the materials price variance and the materials usage variance, respectively.

• A) $50,000 F and $2,000 U
• B) $49,900 U and $2,000 F
• C) $50,000 F and $1,900 U
• D) $49,900 F and $1,900 U

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Definitions:

Classical Temple

Architectural structures from classical antiquity, typically constructed as places of worship for deities in ancient Greek and Roman cultures.

17th Century

Referring to the period from 1601 to 1700, marked by significant cultural, political, and scientific developments across the world.

East Facade of the Louvre

The eastward-facing exterior part of the Louvre Museum in Paris, notable for its architectural design and important as the main entrance to the museum until the addition of the Pyramid.

Dutch Republic

The historical period of the Netherlands from 1581 to 1795, characterized by its economic prosperity, maritime trade dominance, and contributions to the arts and sciences.