A Company Has Established 5 Pounds of Material J at $2

question 146

Multiple Choice

A company has established 5 pounds of Material J at $2 per pound as the standard for the material in its Product Z. The company has just produced 1,000 units of this product, using 5,200 pounds of Material J that cost $9,880. The direct materials quantity variance is:

• A) $120 favorable.
• B) $400 unfavorable.
• C) $520 unfavorable.
• D) $520 favorable.
• E) $400 favorable.

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Definitions:

Abandoned Mining Waste

Refers to the remains and by-products left behind after the closure or abandonment of mines, which can include hazardous materials.

Agricultural Field

Land used for farming crops or raising livestock, essential for producing food, fiber, and other agricultural products.

Bottom-up Processes

Ecological or systemic processes driven by primary producers or lower trophic levels influencing the structure and function of ecosystems.

Predators

Organisms that hunt, kill, and consume other organisms (prey) for nutrients and energy.