Golden Marine Stores Company Manufactures Special Metallic Materials and Decorative

question 66

Multiple Choice

Golden Marine Stores Company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor.Golden uses standard costs to prepare its flexible budget.For the first quarter of the year,direct materials and direct labor standards for one of their popular products were as follows: Direct materials: 3 pounds per unit; $4 per pound
Labor: 5 hours per unit; $24 per hour
During the first quarter,Golden produced 4,000 units of this product.At the end of the quarter,an examination of the direct materials records showed that the company used 11,500 pounds of direct materials and the direct materials cost variance was $3,780 U.Which of the following is a logical explanation for this variance?

• A) The company used more labor hours than allowed by the standards.
• B) The company paid a higher cost per hour for labor than allowed by the standards.
• C) The company used a greater quantity of direct materials than allowed by the standards.
• D) The company paid a higher cost for the direct materials than allowed by the standards.

Identify the best sources of information for evaluating a franchise opportunity.

Understand the role of disclosure statements in franchising and the mandated requirements.

Recognize the financial commitments and obligations of franchisees, including fees and royalties.

Learn about the potential advantages and disadvantages of entering into a franchise business.

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Definitions:

Vitamins A

Vitamin A refers to a group of fat-soluble retinoids, including retinol, retinal, and retinyl esters, which are essential for vision, immune function, and skin health.

Iron Intake

The consumption of iron, an essential mineral necessary for the production of hemoglobin and overall health, through diet or supplements.

Nutritional Outcomes

The results or effects of dietary habits and food intake on the body's health and well-being.

Nursing Measures

Actions taken by nurses to assess, plan, implement, and evaluate patient care.