Multiple Choice
A company has established 5 pounds of Material J at $2 per pound as the standard for the material in its Product Z.The company has just produced 1,000 units of this product,using 5,200 pounds of Material J that cost $9,880.The direct materials quantity variance is:
A) $400 unfavorable.
B) $120 favorable.
C) $400 favorable.
D) $520 favorable.
E) $520 unfavorable.
Correct Answer:
Verified
Correct Answer:
Verified
Q13: Management by exception means that managers focus
Q96: A standard that takes into account the
Q161: The difference between actual price per unit
Q185: A company uses the following standard costs
Q189: During November,Glime Company allocated overhead to products
Q191: Georgia,Inc.has collected the following data on one
Q192: Beluga Corp.has developed standard costs based on
Q194: A company provided the following direct materials
Q195: Fletcher Company collected the following data regarding
Q220: Job #411 was budgeted to require 3.5