Assume That the Standard Cost to Make One Unit of Product

question 70

Multiple Choice

Assume that the standard cost to make one unit of product includes 10 units of raw materials at a standard price of $3 per unit. In July, 20,800 units of raw materials that cost $2.96 each were used to produce 2,000 units of finished product. What is the materials quantity variance?

• A) $2,400 unfavorable
• B) $2,368 unfavorable
• C) $1,200 favorable
• D) $2,400 favorable

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Definitions:

Specific Phobia

A type of anxiety disorder characterized by an excessive and irrational fear of a specific object, situation, or activity.

Embarrassment

A feeling of self-consciousness, shame, or awkwardness that occurs when a person's dignity is wounded.

Generalized Anxiety Disorder

A mental health disorder characterized by persistent and excessive worry about multiple different things.

Panic Disorder

A mental health condition characterized by recurring panic attacks, often for no apparent reason, and the persistent fear of experiencing future attacks.