Cryolite Uses a Standard Costing System to Gauge Results for Their

question 5

Multiple Choice

Cryolite uses a standard costing system to gauge results for their single product. 70,000 kilograms of direct materials were purchased for $385,000. Two kilograms of direct materials are needed to produce one unit of product. In March, the company produced 12,000 units. The standard cost allowed for direct material was $120,000, and there was an unfavourable direct materials efficiency variance of $2,500. (CMA) The kilograms of direct materials used in March to produce output totalled:

• A)12,500
• B)23,500
• C)24,500
• D)25,500

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Definitions:

Autonomy

The right or condition of self-governance, or making decisions independently, often considered as a principle of moral decision-making.

Epidural Anesthesia

A form of regional anesthesia involving the injection of medication into the epidural space of the spinal cord to block pain in a particular region of the body.

Advance Directive

A legal document outlining a person's wishes regarding medical treatment in situations where they are unable to communicate.

Nonmaleficence

Fundamental ethical agreement to do no harm. Closely related to the ethical standard of beneficence.