Imrie Corporation Makes a Product That Uses a Material with the Quantity

question 237

Multiple Choice

Imrie Corporation makes a product that uses a material with the quantity standard of 9.5 grams per unit of output and the price standard of $5.00 per gram. In January the company produced 2,900 units using 26,940 grams of the direct material. During the month the company purchased 28,900 grams of the direct material at $4.90 per gram. The direct materials purchases variance is computed when the materials are purchased. The materials price variance for January is:

• A)$2,755 U
• B)$2,890 F
• C)$2,890 U
• D)$2,755 F

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Definitions:

Abuse of Power

The misuse of authority for harmful, unethical, or personal gain, often at the expense of others' rights or well-being.

Double Standard

The application of different sets of principles for similar situations, or to different people, in a way that is unfair or unjust.

White Male Tokens

Individuals representing the majority demographic (white males) who might be showcased in diversity efforts but actually reinforce prevailing norms and structures.

Social Isolation

A state in which an individual experiences a lack of meaningful social connections or interactions with others, often leading to feelings of loneliness.