The Following Materials Standards Have Been Established for a Particular

question 132

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:

The direct materials purchases variance is computed when the materials are purchased.


-What is the materials price variance for the month?

• A)$4,060 U
• B)$3,640 F
• C)$3,640 U
• D)$4,060 F

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Definitions:

Pythagorean Theorem

A fundamental relation in Euclidean geometry among the three sides of a right triangle that states that the square of the length of the hypotenuse is equal to the sum of the squares of the lengths of the other two sides.

Algorithm

A systematic procedure for solving a problem that works invariably when it is correctly applied.

Prototypes

The best or most typical example of a particular category or concept, often used as a basis for understanding or judgment.

Systematic Random Search Algorithm

An algorithmic approach that combines elements of randomness with a systematic strategy to solve optimization problems.