The Following Information Is Provided by the Atlas Company What Is the Direct Materials Price Variance?
A) $1,000 Favorable

question 52

Multiple Choice

The following information is provided by the Atlas Company: $$\begin{array} { l l } \text { Actual direct material cost } & \$ 20,000 \\\text { Standard direct material cost } & \$ 24,000 \\\text { Direct material usage variance } & \$ 3,000 \text { favorable }\end{array}$$ What is the direct materials price variance?

• A) $1,000 favorable
• B) $1,000 unfavorable
• C) $5,000 unfavorable
• D) Not enough information is provided

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Definitions:

Conflict Theory

A viewpoint in sociology that interprets social existence as a form of rivalry, concentrating on how resources, power, and inequality are allocated.

Symbolic Interactionism

A sociological perspective focusing on the symbolic meanings that people develop and rely upon in the process of social interaction.

Queer Theory

A field that challenges the normative ways of thinking about sex, gender, and sexuality.

Functionalism

A sociological perspective that views society as a complex system whose parts work together to promote solidarity and stability, focusing on the functions that social institutions serve.