The Standards for Product U31 Call for 7

question 112

Essay

The standards for product U31 call for 7.1 liters of a raw material that costs $12.10 per liter.Last month,1,900 liters of the raw material were purchased for $23,180.The actual output of the month was 200 units of product U31.A total of 1,200 liters of the raw material were used to produce this output.
Required:
a.What is the materials price variance for the month?
b.What is the materials quantity variance for the month?

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Definitions:

Collective Aggression

Unified aggression by a group of individuals, who may not even know one another, against another individual or group.

Spontaneous Anger

A sudden and intense emotional response of anger that arises unexpectedly, often triggered by a perceived wrong or injustice.

Type A Behaviour

A pattern of behavior characterized by competitiveness, ambition, impatience, aggressiveness, and a fast-paced lifestyle, often linked to stress and heart disease.

Disinhibited

The reduction or absence of restraint over one's emotions, impulses, or behaviors, often resulting in actions that are spontaneous or considered socially inappropriate.