Examlex

Solved

Cabot Company Collected the Following Data Regarding Production of One

question 62

Multiple Choice

Cabot Company collected the following data regarding production of one of its products.Compute the direct materials quantity variance.  Direct materials stardard (6lbs. @ $2/lb) $12per firished urit  Actual direct materials used 243,000lbs Actual firished urits produced 40,000units Actual cost of direct materials used $483,570\begin{array} { l l } \text { Direct materials stardard (6lbs. @ } \$ 2 / lb ) & \$ 12 \mathrm { per } \text { firished urit } \\\text { Actual direct materials used } & 243,000 \mathrm { lbs } \\\text { Actual firished urits produced } & 40,000 \mathrm { units } \\\text { Actual cost of direct materials used } & \$ 483,570\end{array}


Definitions:

Total Personal Development

The comprehensive process of improving oneself across all aspects of life, including physical, mental, emotional, and social dimensions.

Worker Commitment

The level of enthusiasm and dedication an employee has towards their job and company.

Employee Turnover

The rate at which employees leave a company and are replaced by new employees, often used as an indicator of workplace satisfaction and stability.

Human Relations

Interpersonal interactions and relationships, emphasizing emotional, social, and professional connections among individuals.

Related Questions