Welch Company Budgeted the Following Cost Standards for the Current

question 47

Multiple Choice

Welch Company budgeted the following cost standards for the current year: Direct materials = 1.40 kilos per unit @ $1.50 per kilo
Direct labor = 0.75 hours per unit @ $6 per hour
Actual production and costs were as follows:
Units produced = 2,800
Direct materials used = 4,500 kg.
Direct materials purchased = 5,000 kg. @ a cost of $5,850
Direct labor incurred = 2,000 hours at a cost of $13,000
The material price variance for materials purchased was

• A) $1,650 F
• B) $870 U
• C) $2,520 U
• D) $780 F

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Definitions:

Access To Weapons

The availability or potential for individuals to obtain or use weapons, which can vary depending on laws, regulations, and societal norms.

Learned Helplessness

A psychological condition where an individual feels powerless to change a situation due to repeated exposure to uncontrollable and negative events.

Constructivist

An approach or theory in education and psychology that emphasizes learning as an active process where individuals construct or build new ideas based on their current/past knowledge and experiences.

Ecological

Related to or concerned with the relationship between living organisms and their environment.