The Standard Cost Card for a Product Shows That the Product

question 144

Multiple Choice

The standard cost card for a product shows that the product should use 4 kilograms of material B per finished unit and that the standard price of material B is $4.50 per kilogram.During April,when the budgeted production level was 1,000 units,1,040 units were actually made.A total of 4,100 kilograms of material B were used in production and the inventories of material B were reduced by 300 kilograms during April.The total cost of material B purchased during April was $14,400.The material variances for material B during April were:

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

---

Definitions:

Jean Calvin

A French theologian, pastor, and reformer in Geneva during the Protestant Reformation who was a principal figure in the development of the system of Christian theology later called Calvinism.

Great Schism

refers to the division within the Christian Church in 1054, leading to the separate development of the Eastern Orthodox and Western Roman Catholic churches.

Northern Renaissance

The cultural and intellectual movement in Europe, particularly in the northern regions, during the 14th to 17th centuries, characterized by a resurgence of interest in classical learning and values.

Italian Renaissance

A period of great cultural change and achievement in Italy that began in the 14th century, characterized by advancements in art, architecture, literature, and science.