Matinna Co All Materials Purchased During the Month Were Issued to Production

question 58

Multiple Choice

Matinna Co. maintains no inventories and has the following data pertaining to one of its direct materials in July: $\begin{array}{lrr}\text { Standard quantity of direct materials for the units manufactured (SQ) } & 30,000 \\\text { Direct materials purchases-actual cost } & \$ 63,000 \\\text { Standard price per unit of direct materials (SP) } & \$ 2.00 \\\text { Direct material efficiency variance-favorable } & \$ 4,500\end{array}$ All materials purchased during the month were issued to production.
What was the direct materials price variance for July, rounded to the nearest dollar?

• A) $1,500 favorable.
• B) $3,000 unfavorable.
• C) $3,000 favorable.
• D) $7,500 unfavorable.
• E) $7,500 favorable.

Recognize the physiological and psychological processes involved in sensation, including transduction.

Comprehend sensory adaptation and its role in modulating sensory experiences.

Understand the extent of human sensory capabilities under optimal conditions.

Appreciate the interplay between physical stimuli and their perception by the brain.

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Definitions:

Payable In Installments

An agreement or obligation that allows payment to be made in parts or increments over a specified period, instead of a lump sum.

Corporate Stocks

Shares representing ownership in a corporation, providing shareholders with a claim on part of the company's assets and profits.

Article 2

Typically refers to a portion of the Uniform Commercial Code that governs the sale of goods in the United States.

Patents And Copyrights

Legal protections granted to creators, giving them exclusive rights to their inventions (patents) and original works of authorship (copyrights).