The Following Materials Standards Have Been Established for a Particular

question 75

Multiple Choice

The following materials standards have been established for a particular product: The following data pertain to operations concerning the product for the last month: What is the materials price variance for the month?

• A)$2,250 F
• B)$7,540 U
• C)$24,317 U
• D)$7,660 U

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Definitions:

Abraham Lincoln

The 16th president of the United States, who served during the Civil War and is remembered for abolishing slavery.

Robert Fulton

An American engineer and inventor credited with developing the first commercially successful steamboat in the early 19th century, significantly impacting transportation.

Steamboats

Paddlewheelers that could travel both up- and downriver in deep or shallow waters; they became commercially viable early in the nineteenth century and soon developed into America’s first inland freight and passenger service network.

Upstream Commerce

The activities involved in the sourcing and procurement processes before goods reach the retailer or final consumer.