The Standard Costs and Actual Costs for Direct Materials for the Manufacture

question 92

Multiple Choice

The standard costs and actual costs for direct materials for the manufacture of 3,000 actual units of product are The amount of direct materials price variance is

• A) $2,750 unfavorable variance
• B) $2,750 favorable variance
• C) $1,500 favorable variance
• D) $1,500 unfavorable variance

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Definitions:

NLRB Elections

Processes overseen by the National Labor Relations Board where employees vote to determine whether they wish to be represented by a union in collective bargaining.

Recertify

The process of reaffirming the certification of an entity or individual in their respective field or position.

New Public Management

An administrative approach adopted in public administration that emphasizes efficiency, privatization, and customer service, drawing from private sector management practices.

Free Market Ideas

Economic theories and principles that advocate for minimal government intervention, allowing the forces of supply and demand to dictate market outcomes.