Vashon Corporation Had the Following Activity During a Recent Period

question 150

Multiple Choice

Vashon Corporation had the following activity during a recent period: Standard quantity of direct materials 9,000 kilograms
Actual quantity of direct materials purchased and used 8,800 kilograms
Efficiency variance $2,400 favourable
Total direct materials budget variance $200 favourable
The standard price per kilogram was:

• A)$12.00
• B)$12.25
• C)$12.50
• D)$13.00

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Definitions:

Units

The basic measure of quantity in accounting, production, or inventory, often representing a single item or instance of a product.

Spending Variance

The difference between the actual amount spent and the budgeted or forecasted amount for a particular account or period.

Occupancy Expenses

Costs associated with occupying a space, such as rent, utilities, and property taxes.

Client-Visits

Client-visits refer to the number of times clients or customers physically or virtually engage with a service provider, indicating the level of interaction or patronage.