-What Was the Materials Price Variance for the Month?
A)

question 211

Multiple Choice

$\begin{array}{l}\text { The following materials standards have been established for a particular product: }\\\begin{array} { | l | r | } \hline \text { Standard quantity per unit of output } & 6.8 \text { metres } \\\hline \text { Standard price } & \$ 17.10 \text { per metre } \\\hline\end{array}\end{array}$
$\begin{array}{l}\text { The following data pertain to operations concerning the product for the last month: }\\\begin{array} { | l | r | } \hline \text { Actual materials purchased } & 9,000 \text { metres } \\\hline \text { Actual cost of materials purchased } & \$ 156,600 \\\hline \text { Actual materials used in production } & 8,500 \text { metres } \\\hline \text { Actual output } & 1,200 \text { units } \\\hline\end{array}\end{array}$
-What was the materials price variance for the month?

• A) $2,550 favourable.
• B) $2,550 unfavourable.
• C) $2,700 favourable.
• D) $2,700 unfavourable.

---

Definitions:

Availability Heuristic

A brain shortcut utilizing the foremost examples occurring to an individual when pondering over a specific topic, concept, approach, or judgment.

Younger Brother

A male sibling who is born after another sibling, typically sharing the same parents.

Fight

A confrontational response to a threat or challenge, characterized by aggressive behavior or opposition, as part of the fight-or-flight response mechanism.

Belief Perseverance

The tendency of individuals to hold onto their beliefs even when faced with evidence that contradicts or disproves them.