Jackson Industries Uses a Standard Cost System in Which Direct

question 218

Multiple Choice

Jackson Industries uses a standard cost system in which direct materials inventory is carried at standard cost.Jackson has established the following standards for one unit of product. During May,Jackson purchased 125,000 pounds of direct material at a total cost of $475,000.The total factory wages for May were $364,000,90 percent of which were for direct labor.Jackson manufactured 22,000 units of product during May using 108,000 pounds of direct material and 28,000 direct labor-hours. The materials quantity variance for May is:

• A)$7,200 Unfavorable
• B)$7,600 Favorable
• C)$5,850 Unfavorable
• D)$7,200 Favorable

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Definitions:

Monohybrid Cross

This refers to a genetic cross between parents that differ in a single trait, resulting in offspring that inherit alleles for that trait from each parent.

Blood Type

The classification of blood based on the presence or absence of specific antigens on the surface of red blood cells, important in blood transfusion and organ transplantation.

Type AB

A blood type in the ABO blood group system that has both A and B antigens on the surface of its red blood cells and is considered the universal plasma donor.

Type B

typically refers to a personality trait characterized by less competitive, more relaxed behaviors as opposed to Type A personality.