Better Blankets, Inc

question 54

Multiple Choice

Better Blankets, Inc. makes a SnuggieBlank using flannel material and trim binding. They have instituted a successful JIT system and thus no longer have to stock inventory prior to their production need. The Standard Cost Card for The SnuggieBlank model is shown.
STANDARD COST CARD

The company reported the following results concerning January:

-
The material price variance for Flannel used in January is:

• A)$10,200 unfavorable.
• B)$10,200 favorable.
• C)$2,700 favorable.
• D)$2,700 unfavorable.

---

Definitions:

Formal Operational Stage

The final stage of cognitive development (around age 12 onwards), according to Jean Piaget, marked by the ability to think abstractly and logically.

Cognitive Development

The process by which individuals acquire and evolve their cognitive abilities, understanding, and problem-solving skills throughout their lifespan.

Prefrontal Cortex

A region of the brain located in the frontal lobe which is responsible for executive functions, such as decision-making, planning, and inhibiting inappropriate behaviors.

Hypothalamus

A region of the brain responsible for the regulation of certain metabolic processes and other activities of the autonomic nervous system, including temperature control and releasing hormones.