The Collins Corporation Uses Standard Costing and Has Established the Following

question 321

Multiple Choice

The Collins Corporation uses standard costing and has established the following direct material and direct labor standards for each unit of the single product it makes: • Direct materials: 4 gallons at $8 per gallon
• Direct labor: 1 hour at $16 per hour
During July, the company made 6,000 units of product and incurred the following costs:
• Direct materials purchased: 26,800 gallons at $8.20 per gallon
• Direct materials used: 25,200 gallons
• Direct labor used: 5,600 hours at $15.30 per hour
The direct materials purchases variance is computed when the materials are purchased.
The materials price variance for July was:

• A)$5,360 Favorable
• B)$5,360 Unfavorable
• C)$5,040 Favorable
• D)$5,040 Unfavorable

Identify how inequality is reproduced in educational settings and its impact on various groups.

Recognize the importance of cultural capital and academic credentials in social status and mobility.

Understand the significance of teacher expectations and their effects on student performance.

Discuss the multidimensional nature of racism and sexism within educational contexts.

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