The Materials Price Variance for January Is

question 64

Multiple Choice

The materials price variance for January is:

• A) $1,300 U.
• B) $1,640 U.
• C) $1,640 F.
• D) $1,700 F.

---

Definitions:

Economic Concern

Issues or situations that affect the well-being of an economy, such as inflation, unemployment, and economic growth.

Double-Digit Inflation

An inflation rate that reaches or exceeds 10%, indicating rapid increases in prices.

Double-Digit Unemployment

A situation where the unemployment rate reaches or exceeds 10 percent, indicating a high level of joblessness.

Stagflation

A condition of slow economic growth and relatively high unemployment—a period of stagflation—accompanied by rising prices (inflation).