Bumgardner Inc

question 211

Multiple Choice

Bumgardner 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 April:

-The materials price variance for April is:

• A) $1,860 U
• B) $1,860 F
• C) $1,560 U
• D) $1,560 F

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Definitions:

Substitutable Product

A product that can be replaced or substituted with another product by consumers, often due to similar functions or characteristics.

Insensitive

Describes a reaction or response that does not change significantly despite changes in external conditions or stimuli.

Reposition

The act of changing a product's market position, which may involve altering its image, target audience, or associated features.

Substitute Product

A product that can be used in place of another product, offering a similar utility to the consumer.