Grayson Industries Has Collected the Following Data for One of Its

question 21

Multiple Choice

Grayson Industries has collected the following data for one of its products: $$\begin{array} { | l | l | } \hline \text { Direct materials standard (4 pounds per unit @ \$0.50/b.) } & \$ 2 \text { per finished good } \\\hline \text { Direct materials flexible budget variance-unfavorable } & \$ 10,000 \\\hline \text { Actual direct materials used } & 40,000 \text { pounds } \\\hline \text { Actual firished goods produced } & 24,000 \text { urits } \\\hline\end{array}$$
-What is the total actual cost of the direct materials used?

• A)$20,000
• B)$48,000
• C)$58,000
• D)$38,000

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Definitions:

Specific Tasks

Distinct, individual activities designed to achieve a particular outcome or objective.

Action Steps

Specific, measurable actions that are planned to achieve a desired outcome or goal.

Achieve Goals

The process of successfully meeting an objective or completing a task.

Reliability

The consistency of a measure or instrument in yielding the same result under the same conditions over time.