Calculate the Direct Materials Price Variance Using the Above Information

question 27

Multiple Choice

Calculate the Direct Materials Price variance using the above information:

• A) $1,795.50 Favorable
• B) $378.00 Favorable
• C) $4,512.50 Unfavorable
• D) $378.00 Unfavorable

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Definitions:

Investment Vehicle

Financial instruments and products used by investors to gain positive returns on their money.

Trading Equity

The process of exchanging ownership stakes in a company, often for capital investment or strategic partnership benefits.

Financial Support

Assistance given in the form of money, resources, or services to help organizations, individuals, or businesses financially.

Entrepreneur

An individual who starts and runs a business, taking on financial risks in the hope of profit.