The Standard Materials Cost to Produce One Unit of Product

question 108

Multiple Choice

The standard materials cost to produce one unit of Product K is 7 pounds of material at a standard price of $32 per pound.In manufacturing 8,000 units,54,000 pounds of material were used at a cost of $30 per pound.What is the total direct material cost variance?

• A) $108,000 favorable
• B) $ 64,000 favorable
• C) $172,000 favorable
• D) $ 44,000 favorable
• E) $104,000 favorable

Understand the funding and implementation strategies under CERCLA for hazardous waste sites.

Gain knowledge about significant environmental agreements and legislations, such as the Montreal Protocol, RCRA, and the Doha Amendment.

Understand the confounding of genetic and environmental influences in personality studies.

Comprehend the significance of statistical correlations in twin studies for assessing genetic influence on traits like self-esteem.

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Definitions:

Family

A social unit consisting of parents and their children, extended kin, or other individuals related by blood, marriage, or adoption.

Society

A community of people living together in a more or less ordered community, sharing habits, laws, and organizations.

Abortion

The medical or surgical termination of a pregnancy before the fetus can live independently outside the mother's womb.

Acquisitive

Having a strong desire to acquire material possessions or gain new knowledge.