The Standard Cost Card for a Product Indicates That One

question 76

Multiple Choice

The standard cost card for a product indicates that one unit of the product requires 8 kilograms of a raw material at $0.80 per kilogram.The production of the product in April was 870 units,but production had been budgeted for 850 units.During April,8,200 kilograms of the raw material were purchased for $6,888 and 7,150 kilograms of the raw material were used in production.The material variances for April were:

• A)Option A
• B)Option B
• C)Option C
• D)Option D

---

Definitions:

Legal Structure

The organizational form a business takes, which can affect liability, taxation, and regulatory obligations.

Employee Retention

The ability of an organization to retain its employees and reduce turnover by creating a positive working environment and offering incentives.

Gain

An increase in wealth, resources, or advantages, often realized through investment, business operations, or other economic activities.

Existing Partners

Current collaborative entities or individuals that are engaged in a business agreement or relationship with one another.