Cibolo Company
Cibolo Company Has the Following Information Available for March

question 170

Multiple Choice

Cibolo Company
Cibolo Company has the following information available for March when 4,200 units were produced (round answers to the nearest dollar) .
$\begin{array}{ll}\text { Standards: } &4.0 \text { pounds } \\\text { Material } & \text { per unit @ } \\& \$ 5.25 \text { per } \\& \text { pound } \\& 6.0 \text { hours } \\\text { Labor } & \text { per unit @ } \\& \$ 10.00 \text { per } \\& \text { hour }\end{array}$

$\begin{array}{ll}\text { Actual: } & \\\text { Material purchased } & 17,500 \\& \text { pounds } @ \\& \$ 5.10 \\\text { Material used } & 16,700 \\& \text { pounds } \\25,500 \text { direct1abor hours @ } &\end{array}$
$\$9.85 \text { per hour }$






Refer to Cibolo Company.What is the material quantity variance?

• A)$ 510 F
• B)$ 525 U
• C)$ 525 F
• D)$3,675 U

Acknowledge the public availability of corporate documents such as the charter and articles of incorporation.

Recognize the advantages and disadvantages of a corporation, including taxation and liability issues.

Distinguish between common and preferred stock, including their rights and types.

Understand the processes involved in raising capital and managing corporate finances.

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