Mary's Fine Fashions Mary's Fine Fashions Manufactures and Sells Various

question 53

Multiple Choice

Mary's Fine Fashions Mary's Fine Fashions manufactures and sells various types of women's clothing. At the end of 2011, Mary had estimated for the production and sale of 25,000 short-sleeve shirts. Each shirt has a standard calling for 2.5 yards of direct material at a standard rate of $1.25 per yard and 12 minutes of direct labor time at a standard rate of $.20 per minute. During 2012, the company actually produced and sold 23,000 shirts. These 23,000 shirts had an actual direct materials cost of $77,142 (59,340 yards at $1.30 per yard) and an actual direct labor cost of $63,250 (253,000 minutes at $.25 per minute) . Each shirt sells for $20.
Refer to the Mary's Fine Fashions information above. What is Mary's flexible budget variance?

• A) $14,475 F
• B) $28,950 U
• C) $42,267 F
• D) $13,317 U

Learn priority setting in nursing care and its application.

Comprehend the decision-making processes related to nursing accountability.

Understand the significance of a collaborative practice model in nursing.

Understand critical thinking and its characteristics in nursing practice.

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Definitions:

Number

An object in mathematics that is employed for counting, measuring, and labeling.

SeqNumber

Typically refers to a sequential number, an identifier used to denote the position of an item within a series or order of items.

Integer

An integer that includes positive and negative numbers as well as zero, but excludes any fractional or decimal values.

Form Wizard

A tool in database and some web development software that helps users create forms for data entry or display by guiding them through steps.