Answer the Following Question(s)using the Information Below

question 52

Multiple Choice

Answer the following question(s) using the information below.Eco Furniture Ltd.makes wooden furniture.One of their products is a wooden desk.The exterior is made of walnut, a high quality wood, but the interior drawers are made of pine, a less expensive wood.The budgeted direct materials quantities and prices for one desk are:
During the month of November 600 desks were produced.The actual material volume and costs were:

-What is the direct materials yield variance for pine?

• A)$3,125 U
• B)$3,125 F
• C)$2,500 F
• D)$1,075 U
• E)$1,425 U

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Definitions:

Borrowings

Funds that a company or individual takes on loan from another party, to be repaid over time with interest.

Denominated

To specify the currency in which a financial transaction or instrument is expressed or required to be settled.

Exchange Rate

The price of one country's currency expressed in the currency of another country.