The Standard Cost Card for One Unit of a Certain

question 164

Multiple Choice

The standard cost card for one unit of a certain finished product shows the following: If the total standard variable cost for one unit of finished product is $85, then the standard price per pound for direct materials is:

• A)$1.74
• B)$4.60
• C)$5.90
• D)$3.00

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Definitions:

Misrepresentation

The act of providing false or misleading information, often to persuade someone to enter into a contract.

Avoid a Contract

To declare a contract null and void, either because it is legally defective or through mutual agreement between the parties.

Affirming

is the process of confirming, validating, or stating positively.

Avoid a Contract

The act of nullifying or declaring a contract invalid, thereby releasing the parties from their obligations under that contract.