Jenkins Manufacturing
the Following Information Is Available for Jenkins Manufacturing $\$ 10.00$

question 47

Multiple Choice

Jenkins Manufacturing
The following information is available for Jenkins Manufacturing Company for the month of June when the company produced 2,100 units:
Staudard:
Material                 2 pounds per unit @$5.80 per pound
Labor                    3 direct labor hours per unit @ $\$ 10.00$ per hour


Actual:
Material              4,250 pounds purchased and used@$5.65 per poume
Labor              $\quad 6,300$ direction hours at $\$ 9.75$ per hour

Refer to Jenkins Manufacturing Company.What is the material price variance?

• A)$638 U
• B)$638 F
• C)$630 U
• D)$630 F

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Definitions:

Physical Capital

Tangible assets used in the production of goods and services, such as machinery and buildings.

Generates Output

The process of producing or delivering a result, product, or service from a set of inputs or processes.

Undertaking Project

The process of planning, executing, and completing a project with specific goals and objectives.

Value Resources

These are assets or materials that are considered important or beneficial for a company or individual to achieve economic success or meet economic needs.