The Genes Company Makes a Product,Z,from Two Materials: X and Y.The

question 69

Multiple Choice

The Genes Company makes a product,Z,from two materials: X and Y.The standard prices and quantities are as follows: In May,21,000 units of Z were produced by Genes Company,with the following actual prices and quantities of materials used: What is the total direct materials mix variance for May?

• A)$12,000.
• B)$24,000.
• C)$36,000.
• D)$60,000.

---

Definitions:

Unearned Revenue

Money received by an entity for a service or product that has yet to be delivered or completed.

Interest Revenue

Income earned from lending money or from investments in interest-bearing accounts or securities.

Matching Revenue

The accounting principle of recognizing revenue and the related expenses in the same accounting period to accurately report profit.

Incurred Expenses

Costs that have been realized or consumed, typically through the operation of a business.