Consider the Following Information

question 48

Multiple Choice

Consider the following information:
Direct material purchased and used,80,000 gallons
Standard quantity of direct material allowed for May production,76,000 gallons
Actual cost of direct materials purchased and used,$176,000
Unfavorable direct-material quantity variance,$9,400
The direct-material price variance is:

• A)$11,400F.
• B)$11,400U.
• C)$12,000F.
• D)$12,000U.
• E)None of thesE.

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Definitions:

Microsoft Office

A suite of office-related applications, services, and tools created by Microsoft for document creation, communication, and management tasks.

Social Capital

The networks, relationships, and norms that contribute to societal and economic efficiency by facilitating coordination and cooperation among people.

Human Capital

The economic value of a worker's experience and skills, including education, training, intelligence, and health.

Social Capital

The networks of relationships among people who live and work in a particular society, enabling that society to function effectively.