Basile Corp

question 79

Multiple Choice

Basile Corp. produced 5,000 units this year. The standard quantity of raw materials per unit was 2 kilograms, and the standard price per kilogram was $3. The company actually used 2.1 kilograms per unit, and paid $3.10 per kilogram. The raw materials price variance was

• A) $1,050 unfavorable
• B) $500 unfavorable
• C) $500 favorable
• D) $1,050 favorable

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Definitions:

Accept

To receive willingly something that is offered or to agree to the reality of a situation.

Theory

A different way to describe theories; it's a coherent group of propositions formulated to explain a group of facts or phenomena.

Natural Selection

The process by which organisms better adapted to their environment tend to survive and produce more offspring, driving evolutionary change.

Breeder

An individual or entity that engages in the propagation of animals or plants, especially to enhance certain desired characteristics.