Consider the Following Information

question 20

Multiple Choice

Consider the following information:
Direct material purchased and used, 80,000 gallons
Standard quantity of direct material allowed for May production, 76,000 gallons
Actual cost of direct materials purchased and used, $176,000
Unfavorable direct-material quantity variance, $9,400
The direct-material price variance is:

• A) $11,400F.
• B) $11,400U.
• C) $12,000F.
• D) $12,000U.
• E) none of the other answers are correct.

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Definitions:

Iraqi Army

The military land force component of Iraq, responsible for defending the country and its interests.

Kuwait

A country in Western Asia, located on the northern edge of Eastern Arabia at the tip of the Persian Gulf, known for its petroleum-based economy, liberal trade policies, and significant cultural heritage.

Islamic Fundamentalism

A movement within Islam that seeks to return to the fundamentals of the religion and live strictly according to the Quran and Hadith.

Evangelical Christianity

A branch of Protestant Christianity focused on the authority of the Bible, the need for personal conversion experiences, and the importance of sharing the Christian faith.