Solved

Thomas Company Uses a Standard Cost System and Recognizes the Materials

Question 37

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: 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) $175 unfavorable B) $165 unfavorable C) $175 favorable D) $165 favorable What is the materials quantity variance?


A) $175 unfavorable
B) $165 unfavorable
C) $175 favorable
D) $165 favorable

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q9: To effectively use variances to improve operations,management

Q28: In a four-variance method analyzing factory overhead,the

Q33: A company uses a two-variance analysis for

Q35: VanDerPloeg, Inc. produces farm equipment at several

Q40: The direct labor costs for Boundary Company

Q41: The data below relate to the month

Q42: The following information pertains to the Braun

Q64: The materials quantity variance,in a standard cost

Q78: Under normal circumstances,a purchasing manager who buys

Q88: All of the following are features of