Todco Planned to Produce 3,000 Units of Its Single Product

question 60

Multiple Choice

Todco planned to produce 3,000 units of its single product, Teragram, during November. The standard specifications for one unit of Teragram include six pounds of material at $0.30 per pound. Actual production in November was 3,100 units of Teragram. The accountant computed a favorable materials purchase price variance of $380 and an unfavorable materials quantity variance of $120. Based on these variances, one could conclude that:

• A)more materials were purchased than were used.
• B)more materials were used than were purchased.
• C)the actual cost of materials was less than the standard cost.
• D)the actual usage of materials was less than the standard alloweD.Materials price variance = AQ (AP - SP)

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Definitions:

Cerebral Hemispheres

The two halves of the brain, each responsible for different functions and cognitive processes.

Brainstem

The central trunk of the mammalian brain, connecting the brain with the spinal cord and controlling vital functions such as breathing and heart rate.

Emotion-linked

Refers to phenomena or responses that are directly connected to or influenced by one's emotions.

Amygdala

A part of the brain's limbic system involved in emotion regulation, especially fear and the processing of memories associated with emotional events.