Cibolo Company
Cibolo Company Has the Following Information Available for March

question 63

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.Assume that the company computes the material price variance on the basis of material issued to production.What is the total material variance?

• A)$1,050 U
• B)$1,050 F
• C)$3,030 U
• D)$3,030 F

Understand various team decision-making techniques and their applications.

Identify and describe the stages of group development.

Learn about the factors contributing to team effectiveness and process gains/losses.

Recognize the principles of team cohesion, social loafing, and social facilitation.

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Definitions:

Functional Departmentation

The process of organizing a company's structure based on specialized functions such as marketing, finance, or human resources.

Sales Reps

Individuals who are employed to sell products and services for a company.

Sales Manager

A professional responsible for directing and overseeing a team of salespeople, setting sales goals, and developing strategies to achieve those goals.

Consumer Goods

Consumer goods are products bought for personal or household use, intended for direct consumption or use by the end consumer.