Precilla Company Uses a Standard Costing System That Allows 2

question 13

Multiple Choice

Precilla Company uses a standard costing system that allows 2.0 pounds of direct materials for one finished unit of product. During July, the company purchased 40,000 pounds of direct materials for $210,000, and manufactured 12,000 finished units. The standard direct materials cost allowed for the units manufactured is $120,000. The performance report shows that Precilla has an unfavorable direct materials usage variance of $5,000. Also, the company records any price variance for materials at time of purchase.

Precilla's standard price per pound of direct materials (SP) , to two decimal places, is:

• A) $4.00.
• B) $5.00.
• C) $6.00.
• D) $10.00.
• E) $12.00.

Recognize the contributions of major artists like Rubens, Vermeer, Rembrandt, and Hals to European art history.

Comprehend the socio-political context and impact of the Thirty Years' War on European art.

Identify the roles and significance of patrons in the creation and commissioning of art during the 17th century.

Understand the innovations in artistic techniques and themes, such as the use of light and shadow, still life, and portrait paintings.