An Organization Planned to Use $82

question 24

Multiple Choice

An organization planned to use $82.00 of direct materials per unit of output, but it actually used $80 per unit. During this period, the company planned to make 1,200 units, but produced only 1,000 units. The flexible budget amount for direct materials cost is:

• A) $80,000.
• B) $82,000.
• C) $96,000.
• D) $98,400.
• E) $24,000.

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Definitions:

Merchants

Individuals or entities engaged in the sale of goods and services, often within specific sectors or industries, playing a crucial role in the economy.

Negotiable Instrument

A formal written commitment to pay a particular amount of money, either when asked or at an agreed-upon time, with the individual who will make the payment specified in the document.

Enforceable Assignment

A transfer of rights or property that is valid under law, allowing the assignee to enforce the assignment against the assignor and possibly against third parties.

Words Of Negotiability

Words of negotiability are specific phrases or terms included on financial instruments like checks or promissory notes that allow them to be transferred from one party to another.