The Following Standards Have Been Established for a Raw Material

question 16

Essay

The following standards have been established for a raw material used in the production of product N70:
The following data pertain to a recent month's operations:
Required:
a.What is the materials price variance for the month?
b.What is the materials quantity variance for the month?
c.Prepare journal entries to record the purchase and use of the raw material during the month.(All raw materials are purchased on account. )
$\begin{array}{llcc} \text {Standard quantity of the material per unit of output....... } &8.0 \text {liters } \\ \text { Standard price of the material........................................ } &\$18.30 \text { per liter }\\\end{array}$
$\begin{array} { l r l } \text { Actual material purchased............... } & 6,600 & \text { liters } \\\text { Actual cost of material purchased ....... } & \$ 119,460 & \\\text { Actual material used in production ..... } & 6,000& \text { liters } \\\text { Actual output............................. } & 720 &\text { units of product N70 }\end{array}$

Comprehend the roles of various sphincters and valves within the digestive system.

Understand the processes involved in feces formation and the components of feces.

Understand the role and function of various hormones in digestive processes.

Identify the organs involved in digestion and their specific functions.

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Definitions:

Biofeedback

A technique where electronic monitoring of a normally automatic bodily function is used to train someone to acquire voluntary control over that function.

Systematic Desensitization

A behavioral therapy technique used to gradually reduce anxiety and fear through the use of relaxation and exposure to feared stimuli.

Shock Therapy

A form of medical treatment involving the application of electrical current to the brain, often used in psychiatry to treat severe mental disorders.

Conditioned Stimulus

A previously neutral stimulus that, after being paired repeatedly with an unconditioned stimulus, begins to trigger a conditioned response.