The Following Materials Standards Have Been Established for a Particular

question 320

Multiple Choice

The following materials standards have been established for a particular product: The following data pertain to operations concerning the product for the last month: The direct materials purchases variance is computed when the materials are purchased. What is the materials quantity variance for the month?

• A)$1,260 U
• B)$1,309 U
• C)$11,220 U
• D)$10,800 U

Evaluate the importance of communication and employee involvement in benefits satisfaction.

Appreciate the diversity of benefits offered to meet specific employee needs.

Understand the strategies companies use to control the costs of employee healthcare benefits.

Understand the impact of benefits and services on employee motivation and organizational effectiveness.

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Definitions:

Total Variable Costs

The sum of all costs that vary with the level of production or sales, such as materials and labor.

Volume Of Activity

A term related to the level of business operations or transactions undertaken by a company within a specific period.

Variable Cost

Costs that change in proportion to the level of goods or services produced by a business.

Production Level

The quantity of goods a company produces within a specified period, usually in relation to its capacity.