The Following Company Information Is Available for January The Direct Material Quantity Variance Is:
A)$5,000 Favorable
B)$300 Favorable

question 150

Multiple Choice

The following company information is available for January:
$\begin{array}{llcc} \text { Direct materials used } & \text { 2,500 feet @ \$ 55 per foot } \\ \text { Standard costs for direct materials for January } & \text { 2,600 feet @ \$53 per foot } \\ \text { production } \\\end{array}$

The direct material quantity variance is:

• A)$5,000 favorable
• B)$300 favorable
• C)$5,300 unfavorable
• D)$5,000 unfavorable
• E)$5,300 favorable

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Definitions:

Decision-making Groups

Groups formed with the primary purpose of making decisions, usually within a business or organizational context, to solve problems or set strategies.

Information Sharing

The exchange of data, knowledge, and insights among members of a group or organization to facilitate collaboration and decision-making.

Hidden Profiles

A situation in decision-making groups where shared information is overemphasized while unique, critical information held by individuals is underutilized.

Work Ethic

The belief in the value of hard work and its ability to enhance character, often considered a virtue in various cultural and organizational contexts.