Java Gourmet Coffee Java Gourmet Coffee Reports the Following Data for April 2010

question 89

Multiple Choice

Java Gourmet Coffee
Java Gourmet Coffee reports the following data for April 2010 where 200,000 pounds of roasted gourmet coffee beans were actually produced (note: standard costs do not allow for any wastage) ,
Actual:

Standard:

Refer to Java Gourmet Coffee.Calculate the direct materials price variance.

• A)$15,500 U
• B)$10,500 U
• C)$15,500 F
• D)$10,500 F

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Definitions:

Fifth Amendment

An amendment to the U.S. Constitution that provides several protections for people accused of crimes, including the right to avoid self-incrimination and the prohibition against double jeopardy.

Right to Remain Silent

A legal principle that protects individuals from being compelled to testify against themselves during a legal proceeding, codified in the Fifth Amendment of the U.S. Constitution.

Not Guilty

A verdict of not guilty signifies that the prosecution has not proven beyond a reasonable doubt the defendant's guilt in a criminal trial.

Health Care Fraud

Illegal activities aimed at obtaining unauthorized financial gains from health care systems.