A Company Makes a Product Using Two Materials,one of Which

question 33

Multiple Choice

A company makes a product using two materials,one of which is interchangeable with a third material.The standards for producing one 200-pound batch are presented below.The last 200-pound batch was produced using 140 pounds of M and 90 pounds of O.The price of M was $0.03 per pound and the actual price of O was $0.10. What is the materials mix variance?

• A)$1.68.
• B)$3.00.
• C)$1.32.
• D)$0.84.

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Buddhism

A major world religion or philosophy founded in northeastern India in the 5th century BC, based on the teachings of Siddhartha Gautama, also known as the Buddha.

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One of the world's principal religious traditions, often having a large number of followers or a significant historical influence.

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Marxism

A socio-economic and political philosophy founded by Karl Marx that critiques the impacts of capitalism and advocates for a classless society.