Ventura Uses a Just-In-Time (JIT) Manufacturing System for All Its

question 80

Multiple Choice

Ventura uses a just-in-time (JIT) manufacturing system for all its materials, components, and products. The master budget of the company for June called for use of 11,000 square feet of materials, while the flexible budget for the actual output of the month had 10,000 square feet of materials at a standard cost (SP) of $9.60 per square foot. Company records show that the actual price paid (AP) for the materials used in June was $9.50 per square foot, and that the direct materials purchase-price variance for the month was $1,040.

The actual total quantity of materials purchased during the month, rounded to the nearest whole number, was:

• A) 10,000 square feet.
• B) 10,400 square feet.
• C) 11,000 square feet.
• D) 13,840 square feet.
• E) 14,880 square feet.

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Definitions:

Offset Value

Refers to the distance or difference in location, often used in computing to specify the position of a data item within a data structure.

Fwrite()

A function in many programming languages used for writing data to a file.

Write Function

A standard library function in many programming languages used to write data to a file or an output stream.