Multiple Choice
ToolTime has a standard of 1.5 pounds of materials per unit, at $4 per pound. In producing 2,000 units, ToolTime used 3,100 pounds of materials at a total cost of $12,090. ToolTime's materials price variance is
A) $90 U.
B) $310 F.
C) $400 F.
D) $700 F.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q17: A debit to the Overhead Volume Variance
Q20: A _ is expressed as a unit
Q127: Keller Company has a materials price standard
Q128: A company developed the following per unit
Q129: ToolTime has a standard of 2 hours
Q130: ToolTime has a standard of 2 hours
Q133: The per-unit standards for direct materials are
Q134: The following information was taken from the
Q135: The per-unit standards for direct labor are
Q179: The direct materials price standard should include