Bryan Company Employs a Standard Cost System in Which Direct

question 114

Multiple Choice

Bryan Company employs a standard cost system in which direct materials inventory is carried at standard cost. Bryan has established the following standards for the prime costs of one unit of product:
$\begin{array} { | l | r | r | r | } \hline & \text { Standard Quantity } & \text { Standard Price } & \text { Standard Cost } \\\hline \text { Direct Materials } & 6 \text { kilograms } & \$ 3.50 / \text { kilogram } & \$ 21.00 \\\hline \text { Direct Labour } & 1.3 \text { hours } & \$ 11.00 / \text { hour } & \$ 14.30 \\\hline & & & \$ 35.30 \\\hline\end{array}$ During March, Bryan purchased 165,000 kilograms of direct materials at a total cost of $585,750. The total factory wages for March were $400,000, 90 percent of which were for direct labour. Bryan manufactured 25,000 units of product during March, using 151,000 kilograms of direct materials and 32,000 direct labour hours.



-What was the price variance for the direct materials acquired by the company during March?

• A) $7,550 favourable.
• B) $7,550 unfavourable.
• C) $8,250 favourable.
• D) $8,250 unfavourable.

Understand the impact of stress hormones on behavior and personality disorders.

Comprehend the historical and cultural context of psychological disorder theories.

Familiarize with the criteria and utility of the DSM-5 in diagnosing psychological disorders.

Appreciate the role of cognitive-behavioral theories in understanding personality disorders.

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Definitions:

Constructive Conflict

Disagreements or disputes that lead to positive outcomes, such as problem-solving, innovation, or strengthened relationships.

Benefits

Various forms of non-wage compensation provided to employees in addition to their normal wages or salaries.

Costs

The expenditures or charges associated with obtaining, producing, maintaining, or using a product or service.

Constructive Conflict

A type of conflict that is managed effectively and leads to problem-solving and improved relationships.