Use the Following to Answer Questions

question 58

Multiple Choice

Use the following to answer questions
J & C Electronics, Inc. gathered the following direct materials cost information for the month of March:

-The direct materials price variance is:

• A)$ 4,250U
• B)$ 4,425F
• C)$11,865U
• D)$12,145F

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Definitions:

Purchasing Inventory

The process of acquiring goods and materials that a business sells or uses in its production process, an essential component of supply chain management.

Fixed Asset Sale

The process of selling long-term assets, such as property, plant, and equipment, for cash or other compensation.

Cash Increase

A rise in the amount of cash and cash equivalents held by a business.

Accounts Payable

Liabilities of a business representing money owed to creditors for goods and services purchased on credit.