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JAX Inc
in Early 2009, US Company JAX Inc -What Was JAX Inc

question 80

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JAX Inc.
In early 2009, US company JAX Inc. had budgeted for the production and sales of 6000 units at a sales price of $20 per unit. The following information is available regarding the standard cost for each unit:
Number of units produced
 and sold: 6800 units  Sales revenue: $149600($22 per unit)   Direct materials cost: $43384(14960 lbs purchased and used at $2.90 per lb)   Direct labour cost: $59024(210800 minutes at $.28 per minute ) \begin{array}{ll}\quad \text { and sold: } & 6800 \text { units } \\\text { Sales revenue: } & \$ 149600(\$ 22 \text { per unit) } \\\text { Direct materials cost: } & \$ 43384(14960 \text { lbs purchased and used at } \$ 2.90 \text { per lb) } \\\text { Direct labour cost: } & \$ 59024(210800 \text { minutes at } \$ .28 \text { per minute }) \end{array}
-What was JAX Inc.'s direct materials usage variance for 2009?


Definitions:

Complementary Competencies

Skills that enhance or complete one another, often bringing added value when combined in a team or individual.

Mutually Accountable

The concept where every member of a team or group is responsible to each other for their actions, decisions, and performance.

Developmental Sequence

The order in which certain skills or abilities are typically acquired or developmental milestones are reached.

Performing

A stage in team development where the group operates efficiently towards achieving its goals.

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