Multiple Choice
Atkins Inc.produces a product requiring 8 pounds of material at $1.50 per pound.Atkins produced 10000 units of this product during 2022 resulting in a $30000 unfavorable materials quantity variance.How many pounds of direct material did Atkins use during 2022?
A) 100000 pounds
B) 80000 pounds
C) 160000 pounds
D) 125000 pounds
Correct Answer:
Verified
Correct Answer:
Verified
Q27: A favorable variance<br>A) is an indication that
Q42: Use the following information for questions <br>Oxnard
Q67: What is a standard cost?<br>A) The total
Q78: The purchasing agent of the Poplin Inc.
Q86: The direct materials quantity standard would not
Q106: In developing a standard cost for direct
Q110: When is a variance considered to be
Q117: An unfavorable labor quantity variance may be
Q133: The costing of inventories at standard cost
Q195: Which of the following statements is true?<br>A)