The Standard Cost Card for One Unit of a Certain

question 250

Multiple Choice

The standard cost card for one unit of a certain finished product shows the following: If the total standard variable cost for one unit of finished product is $85,then the standard price per pound for direct materials is:

• A)$1.74
• B)$4.60
• C)$5.90
• D)$3.00

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Definitions:

Double

A data type used in programming to represent floating point numbers with double the precision of the standard float type.

Float

A float refers to a floating-point number, which is a way of representing real numbers in computing that can handle fractions.

Precision

The degree of exactness with which a value is expressed or measured in computing and mathematics.

Numerical Accuracy

The degree to which the result of a computation conforms to the correct value, affected by various factors including floating-point representation and algorithmic design.