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:

Development Economists

Professionals who study economic development, focusing on improving fiscal, sectoral, and social conditions in developing countries.

Population Growth

An increase in the number of individuals within a population, affected by factors such as birth rates, mortality rates, and migration.

Economic Development

The process by which the economic well-being and quality of life of a nation, region, or local community are improved according to specific goals and objectives.

Poverty

A condition where a person or community lacks the financial resources and essentials for a minimum standard of living.