Milar Corporation Makes a Product with the Following Standard Costs

question 218

Multiple Choice

Milar Corporation makes a product with the following standard costs:
In January the company produced 2,000 units using 16,060 pounds of the direct material and 210 direct labor-hours. During the month, the company purchased 16,900 pounds of the direct material at a cost of $65,910. The actual direct labor cost was $4,473 and the actual variable overhead cost was $756.
The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased.
-The materials quantity variance for January is:

• A) $2,640 U
• B) $2,574 F
• C) $2,640 F
• D) $2,574 U

Understand the advantages of breast-feeding for both the infant and the mother.

Identify the stages of birth and describe what occurs in each stage.

Comprehend the role of the acrosome in fertilization and the process involved.

Describe the steps involved in fertilization.

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Definitions:

Money Demand

The desire to hold cash rather than other forms of assets due to its liquidity, determining how much money is needed for transactions, precautionary, and speculative motives.

Money Supply

The whole amount of cash, coins, and the funds in checking and savings accounts that make up the monetary resources within an economy at a specific period.

Monetary Policy

Government or central bank policies aimed at controlling the supply of money and interest rates in an economy.

Fiscal Policy

A government's strategy for managing its budget, especially through taxation and spending decisions, to influence the economy.