Fegox Firinghi (FF) Produces Flip Flops

question 20

Multiple Choice

Fegox Firinghi (FF) produces flip flops. Each flip-flop requires 2 lbs of Flub and 1 lb of Fleeb, which are planned to cost $8 and $3 per lb. respectively. During the month of May, FF purchased 22,000 lbs of Flub for $194,000 and 13,000 lbs of Fleeb for $42,000. All materials were consumed in producing 10,500 good flip flops. Which is true?

• A)Direct materials price variances total $21,000 unfav
• B)Direct material price variances total $6,950 unfav
• C)The standard price of Flub should be revised
• D)The standard price of Flub should not be revised
• E)a) and c) only

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Definitions:

Negative Thoughts

Patterns of thinking that are pessimistic or detrimental to one’s self-esteem and overall outlook, which can affect mental health and behavior.

Suicide Precautions

are measures taken to prevent someone who is at risk of self-harm or suicide from carrying out such actions, often involving supervision, environmental adjustments, and support.

Self-esteem-building Activities

Exercises or practices designed to improve one's sense of worth or value.

Anxiety Self-control

Strategies and practices that individuals can use to manage and reduce their own anxiety levels without external intervention.