Carolina Tile Company in the US Manufactures and Installs Industrial

question 40

Essay

Carolina Tile Company in the US manufactures and installs industrial tile flooring.In the current year,the company had anticipated producing and installing 80 000 tiles but actually produced and installed 90 000 tiles.The standard direct materials cost for each square foot of tile is $6.30 comprised of 3 pounds of material at a cost of $2.10 per pound.During the year,300 000 pounds of material were purchased out of which 280 000 pounds were used at a cost of $1.90 per pound.
Required: Compute each of the following variances.Indicate whether the variance is favourable (F)or unfavourable (U).
A. Direct materials price variance
B. Direct materials usage variance

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Definitions:

Schizophrenia

A severe mental disorder involving chronic or recurrent psychosis, characterized by disordered thoughts, perceptions, and emotional responsiveness.

Antianxiety Drug

Medications designed to reduce or relieve anxiety symptoms by influencing brain chemistry, also known as anxiolytics.

Obsessive-compulsive Disorder

A mental disorder characterized by persistent, unwanted thoughts (obsessions) and repetitive behaviors (compulsions) that the individual feels driven to perform.

Schizophrenia

A mental disorder characterized by disturbances in thought, perception, and behavior, leading to hallucinations, delusions, and disordered thinking.