The Standards for Product J35 Call for 1

question 157

Essay

The standards for product J35 call for 1.0 pounds of a raw material that costs $15.60 per pound. Last month, 5,700 pounds of the raw material were purchased for $90,345. The actual output of the month was 5,280 units of product J35. A total of 5,200 pounds of the raw material were used to produce this output.
Required:
a. What is the materials price variance for the month?
b. What is the materials quantity variance for the month?

---

Definitions:

Authoritarian Societies

Societies characterized by strict obedience to authority at the expense of personal freedom.

Gender Roles

Social and behavioral norms that are considered appropriate for individuals of a specific gender within a certain culture.

Innate Biological Differences

Natural variations in physiological or genetic characteristics that exist among individuals from birth.

Genes

Units of heredity made up of DNA that are responsible for the genetic traits passed from parents to offspring.