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The standard cost card for a product indicates that one unit of the product requires 8 kilograms of a raw material at $0.80 per kilogram. The production of the product in April was 870 units, but production had been budgeted for 850 units. During April, 8,200 kilograms of the raw material were purchased for $6,888 and 7,150 kilograms of the raw material were used in production. The material variances for April were:
Absolutism
A deontological theory (also called nonconsequentialism) that emphasizes duties or rules; what’s morally right applies to everyone.
Teleological Ethics
Ethics that are value based.
Objective Rules
Standards or principles that are based on facts and are impartial, ensuring equal treatment and fairness.
Normative Ethics
A branch of ethics concerned with establishing how things should or ought to be, focusing on the criteria of what is morally right and wrong.
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