The Standard Materials Cost to Produce One Unit of Product

question 108

Multiple Choice

The standard materials cost to produce one unit of Product K is 7 pounds of material at a standard price of $32 per pound.In manufacturing 8,000 units,54,000 pounds of material were used at a cost of $30 per pound.What is the total direct material cost variance?

• A) $108,000 favorable
• B) $ 64,000 favorable
• C) $172,000 favorable
• D) $ 44,000 favorable
• E) $104,000 favorable

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Definitions:

APA

The American Psychological Association, a leading scientific and professional organization representing psychology in the United States.

Research Using Animals

The scientific study involving non-human animals as subjects to gain insights into biological, psychological, and medical questions.

Independent Variable

In experimental and statistical research, the variable that is manipulated or changed to observe its effect on a dependent variable.

Socioeconomic Class

A categorization of individuals or families based on factors such as income, occupation, and education, reflecting their economic and social position.