What Is the Materials Price Variance for the Month

question 149

Multiple Choice

What is the materials price variance for the month?

• A) $430 U.
• B) $430 F.
• C) $480 F.
• D) $480 U.

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Definitions:

Activity-Based Costing

A method of costing that identifies specific activities within an organization and assigns costs to those activities based on their use of resources.

Activity-Based Costing

A costing method that assigns costs to products and services based on the resources they consume.

Labor-Related

Pertaining to aspects of work or employment, often focusing on workers, their conditions, wages, or productivity.

Direct Labor-Hours (DLH)

The total amount of labor time expended directly on manufacturing or producing goods, often used to allocate costs to products.