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The Standard Materials Cost to Produce 1 Unit of Product

question 46

Multiple Choice

The standard materials cost to produce 1 unit of Product R is 6 pounds of material at a standard price of $50 per pound. In manufacturing 8,000 units, 47,000 pounds of material were used at a cost of $51 per pound.
-What is the total direct materials cost variance?

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Definitions:

National Labor Relations Board

The National Labor Relations Board is a U.S. government agency that oversees labor practices, ensuring workers' rights to organize and determining the legality of labor union practices.

Authorization Cards

Documents used in labor organizing that employees sign to indicate their desire for a union to represent them in collective bargaining.

Union Organizers

Individuals or groups involved in recruiting workers to join or form a labor union to negotiate collectively with their employers for better terms of employment.

Knights of Labor

A 19th-century labor organization in the United States that sought to promote the social and cultural uplift of the workingman, and aimed for an 8-hour workday.

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