The Standard Quantity of Materials for a Product Was 40

question 72

Multiple Choice

The standard quantity of materials for a product was 40 pounds per unit at the standard price of $2.00 per pound. The actual price per pound of materials was $1.50, and the actual quantity used was 44 pounds. An analysis would indicate

• A) a $20.00 favorable price variance.
• B) a $8.00 favorable quantity variance.
• C) a $6.00 unfavorable quantity variance.
• D) a $8.00 unfavorable quantity variance. (44 - 40) x 2.00 = 8 unfavorable.

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Definitions:

Flawed Nature

The concept that inherent imperfections exist within individuals or systems, leading to potential failures or moral shortcomings.

Environment Influences

The impact of surrounding physical and social settings on an individual's behavior, thoughts, and feelings.

Anal Stage

The second stage in Freud’s psychosexual development, occurring from about 18 months to three years of age, where the child's focus is on controlling bladder and bowel movements.

Oral Stage

The first stage in Freud's psychosexual development theory, occurring in the first year of life, where pleasure is focused on oral activities such as sucking and biting.