If MU_a/P_a = 100/$35 = MU_b/P_b = 300/? = MU_c/P_c

question 34

Multiple Choice

If MU_a/P_a = 100/$35 = MU_b/P_b = 300/? = MU_c/P_c = 400/?, the prices of products B and C in consumer equilibrium

• A) cannot be determined from the information given.
• B) are $105 and $140, respectively.
• C) are $105 and $175, respectively.
• D) are $100 and $200, respectively.

Understand the separation of standard costs into two components for detailed variance analysis.

Recognize the need for updating standard costs in response to changes in production specifications, labor contracts, and material costs.

Understand the concept and calculation of direct labor variances, including rate and time variances.

Identify and calculate direct materials variances, including price and quantity variances.

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