The Following Materials Standards Have Been Established for a Particular

question 88

Essay

The following materials standards have been established for a particular product:
$\begin{array}{|l|r|}\hline \text { Standard quantity per unit of output } & 9.4 \text { kilograms } \\\hline \text { Standard price } & \$ 16.90 \text { per kilograms } \\\hline\end{array}$
The following data pertain to operations concerning the product for the last month:
$\begin{array}{|l|r|}\hline \text { Actual materials purchased } & 7,300 \text { kilograms } \\\hline \text { Actual cost of materials purchased } & \$ 116,435 \\\hline \text { Actual materials used in production } & 7,100 \text { kilograms } \\\hline \text { Actual output } & 740 \text { units } \\\hline\end{array}$
Required:
a)What is the materials price variance for the month?
b)What is the materials quantity variance for the month?

Understand the social and psychological challenges faced by gays and lesbians.

Describe different types of homosexual behavior and their societal perceptions.

Distinguish between homosexual, transgender, and intersex identities.

Recognize the stigmatization of various populations, including the obese, tattooed, and homosexual individuals.

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Definitions:

Promissory Note

A written promise to pay a specified sum of money to a designated person at a specified date or on demand.

Indorses In Blank

A term referring to the endorsement of a negotiable financial instrument without specifying the endorsee, making it payable to the holder.

Negotiation

The process of discussing terms and conditions to reach a mutual agreement in transactions, contracts, or disputes.

Bearer Instrument

A document that entitles the person holding it to ownership or to receive the benefits it confers.