The Cox Company Uses Standard Costing The Standard Quantity of Material Allowed for April Production Is

question 12

Multiple Choice

The Cox Company uses standard costing. The following data is available for April: $\begin{array}{ll}\text { Actual quantity of direct materials used } & 12,200 \text { gallons } \\\text { Standard price of direct materials } & £ 4 \text { per gallon } \\\text { Material quantity variance } & £ 2,000 \text { unfavourable }\end{array}$
The standard quantity of material allowed for April production is

• A)14,200 gallons.
• B)12,700 gallons.
• C)11,700 gallons.
• D)10,200 gallons.

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Neoclassical Schools

An approach in economics that focuses on the determination of goods, outputs, and income distributions in markets through supply and demand.

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