If the Standard Quantity of Materials Is 84,500 Units @

question 81

Multiple Choice

If the standard quantity of materials is 84,500 units @ $0.15 per unit and the actual quantity is 95,000 units @ $0.12 per unit,then the total materials cost variance is:

• A)$2,850 Favorable.
• B)$1,575 Unfavorable.
• C)$1,275 Favorable.
• D)$2,850 Unfavorable.

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Definitions:

Normally Distributed

Describes a dataset whose distribution forms a symmetrical, bell-shaped curve when plotted, characterized by specific mean and standard deviation values.

Independent

Describes a characteristic of variables in an experiment or study that are not influenced or caused by another variable.

Standard Deviation

An indicator of the diversity or variability within a data set, reflecting how much individual data points differ from the mean.

Normally Distributed

Refers to a probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean.