Malkovich Company Uses a Standard Costing System

question 47

Multiple Choice

Malkovich Company uses a standard costing system. The following information pertains to direct materials for the month of July: Standard price per lb. $18.00
Actual purchase price per lb. $16.50
Quantity purchased 3,100 lbs.
Quantity used 2,950 lbs.
Standard quantity allowed for actual output 3,000 lbs.
Actual output 1,000 units
Malkovich Company reports its material price variances at the time of purchase. What is the material usage variance for Malkovich Company?

• A) $2,850 (F)
• B) $1,950 (F)
• C) $900 (F)
• D) $900 (U)

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Definitions:

Ostracism

The exclusion of an individual or group from wider society, often used as a form of social punishment or correction.

Cyberball

A virtual ball-tossing game used in psychological research to study social exclusion and its effects.

Unstable Self-esteem

Refers to fluctuations in a person's self-worth, often dependent on external validation or success.

Stable Self-esteem

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