Devoto Inc

question 113

Multiple Choice

Devoto Inc. has provided the following data concerning one of the products in its standard cost system.
The company has reported the following actual results for the product for June:

-The raw materials quantity variance for the month is closest to:

• A) $77 U
• B) $85 F
• C) $85 U
• D) $77 F

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Definitions:

Changing Technology

Refers to the rapid evolution and adoption of new tools, processes, and methodologies in the technology sector, affecting businesses and societies.

Stagflation

A situation in an economy characterized by slow economic growth combined with high unemployment and high inflation.

Unemployment

The situation where individuals who are capable of working and are actively seeking work are unable to find employment.

Inflation

The velocity at which the broad price tags for products and services surge, weakening the power to purchase.