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Cibolo Company
Cibolo Company Has the Following Information Available for March

question 142

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) .
 Standards: 4.0 pounds  Material  per unit @ $5.25 per  pound 6.0 hours  Labor  per unit @ $10.00 per  hour \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}

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






Refer to Cibolo Company.What is the material price variance (based on quantity purchased) ?


Definitions:

Hierarchical Levels

The layers of authority in an organization, structured from highest to lowest, determining the line of command and communication.

Employee Satisfaction

The level of contentment workers feel about their job roles, responsibilities, environment, and organization, leading to productivity and loyalty.

Utilizing Direct Feedback

The practice of openly and straightforwardly giving and using feedback for the purpose of improving performance or behavior.

Dysfunctional Environment

A workplace or organizational setting that is characterized by conflict, poor leadership, and low morale, adversely affecting productivity and well-being.

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