Welch Company Budgeted the Following Cost Standards for the Current

question 58

Multiple Choice

Welch Company budgeted the following cost standards for the current year: Direct materials = 1.40 kilograms per unit @ $1.50 per kilogram
Direct labour = 0.75 hours per unit @ $6 per hour
Actual production and costs were as follows:
Units produced = 2,800
Direct materials used = 4,500 kg.
Direct materials purchased = 5,000 kg. @ a cost of $5,850
Direct labour incurred = 2,000 hours at a cost of $13,000
The material price variance for materials purchased was:

• A)$1,650 F
• B)$870 U
• C)$2,520 U
• D)$780 F

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Definitions:

Exercise

Physical activities undertaken to maintain or improve health and fitness.

Ability

The possession of the means or skill to do something, often considered in context of physical, mental, or learned competencies.

Warm-up

Physical or preparatory activities performed before exercise or a performance to prevent injury and enhance efficiency.

High Intensity

A level of extreme exertion or concentration, often used to describe workouts or activities that require a significant amount of energy in a short period.