[The Following Information Applies to the Questions Displayed Below

question 2

Multiple Choice

[The following information applies to the questions displayed below.]
Maple Company's flexible budget,based upon the number of equivalent units produced,called for the use of 5,000 square yards of fabric at a standard cost of $2.45 per square yard.The Production Department actually used 5,200 square yards costing $2.35 per square yard during June.
-The materials price variance for Maple Company for June is:

• A)$520 favorable.
• B)$990 favorable.
• C)$30 unfavorable.
• D)$520 unfavorable.

---

Definitions:

Nonzero Differences

Differences between values or measurements that are not equal to zero, indicating variation or change.

Matched-Pairs Sampling

A method of sampling that involves pairing each subject with another subject that is similar in terms of key variables, then treating one with the experiment and the other with the control condition.

Wilcoxon Signed-Rank Test

A non-parametric statistical test used to compare two related samples, matched samples, or repeated measurements on a single sample to assess whether their population mean ranks differ.

Paired-Difference Experiment

A study design where the subjects are paired up based on certain criteria, and differences within each pair are studied.