Reference: 21_04 a Company Has Established 5 Pounds of Material M at M

question 102

Multiple Choice

Reference: 21_04
A company has established 5 pounds of Material M at $2 per pound as the standard for the material in its Product A. The company has just produced 1,000 units of this product, using 5,200 pounds of Material M that cost $9,880.
-The direct materials price variance is:

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

---

Definitions:

WISC-IV

The Wechsler Intelligence Scale for Children-IV, a clinical instrument designed to assess the cognitive ability of children between the ages of 6 and 16.

WAIS-IV

The Wechsler Adult Intelligence Scale-Fourth Edition, a widely used intelligence test designed to measure adult and adolescent cognitive ability.

Wechsler Tests

A set of standardized tests used to assess the intelligence and cognitive abilities of children and adults, developed by David Wechsler.

WISC-IV

The Wechsler Intelligence Scale for Children, Fourth Edition, a comprehensive cognitive assessment tool for children.