Cryolite Uses a Standard Costing System to Gauge Results for Their

question 60

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 direct materials price variance for March is:

• A)$25,000 favourable
• B)$25,000 unfavourable
• C)$35,000 favourable
• D)$35,000 unfavourable

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Definitions:

Ethnic Background

A category of people who identify with each other based on common ancestral, social, cultural, or national experiences.

Total Cholesterol

A measure of the total amount of cholesterol in the blood, including both high-density lipoprotein (HDL) and low-density lipoprotein (LDL) levels.

HDL

High-density lipoprotein, also known as "good" cholesterol, aids in eliminating different types of cholesterol from the bloodstream.

Cardiovascular Disease

A group of conditions affecting the heart or blood vessels, encompassing coronary artery disease, hypertension, and stroke.