Thomas Company Uses a Standard Cost System and Recognizes the Materials

question 10

Multiple Choice

Thomas Company uses a standard cost system and recognizes the materials purchase price variance at the time materials are purchased.Information for raw materials for Product RBI for the month of October follows: What is the materials quantity variance?

• A)$180 unfavorable
• B)$165 unfavorable
• C)$180 favorable
• D)$165 favorable

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Definitions:

Evidence

Information or facts that are used to support the validity of a statement, claim, or hypothesis.

Hereditary Connection

The genetic relationship between organisms, determining the transmission of traits from parents to offspring.

Birds

Warm-blooded vertebrates characterized by feathers, beaks without teeth, and the laying of hard-shelled eggs.

Ribosome Inactivating Proteins

Proteins that can inactivate ribosomes, inhibiting protein synthesis and having potential applications in medicine.