The Following Data Pertain to Operations Concerning the Product for the Last

question 88

Multiple Choice

The following data pertain to operations concerning the product for the last month: What is the materials price variance for the month?
A.$14,850 U
B.$8,250 U
C.$8,640 U
<underLine>D.</underLine> $2,860 F
AP = $60,500 / 4,400 = $13.75
Materials price variance = AQ (AP - SP) = 4,400 ($13.75 - $14.40) = $2,860 F
-The Fletcher Company uses standard costing.The following data are available for October: The standard quantity of material allowed for October production is:

• A)23,000 pounds
• B)24,000 pounds
• C)24,500 pounds
• D)25,000 pounds

---

Definitions:

Principal Debtor

The principal debtor is the original borrower responsible for repaying a debt or obligation in a financing agreement.

Contract

A contract that is enforceable by law, made between two or more entities, detailing their responsibilities and entitlements.

Security Interests

A legal claim or lien on assets, granted to secure the performance of an obligation or the payment of a debt.

Agricultural Liens

Security interests in farm products, such as crops or livestock, which secure payment or performance of an obligation.