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Imrie Corporation Makes a Product That Uses a Material with the Quantity

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Imrie Corporation makes a product that uses a material with the quantity standard of 9.5 grams per unit of output and the price standard of $5.00 per gram. In January the company produced 2,900 units using 26,940 grams of the direct material. During the month the company purchased 28,900 grams of the direct material at $4.90 per gram. The direct materials purchases variance is computed when the materials are purchased. The materials price variance for January is:


Definitions:

Assertiveness

The quality of being self-assured and confident without being aggressive, enabling clear and effective communication of one's needs and desires.

Lose-lose Conflict

Describes a situation in conflict resolution where none of the parties involved achieve their objectives, leading to a scenario where all sides feel they have lost.

True Desire

The genuine or authentic longing or wish for something without outside influence or coercion.

Win-lose Conflict

A win-lose conflict is a situation where one party's gain is directly correlated with another party's loss, leading to a competitive scenario.

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