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JAX Inc in Early 2012, JAX Inc

Question 71

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JAX Inc. In early 2012, JAX Inc. had budgeted for the production and sales of 5,000 units at a sales price of $15 per unit. The following information is available regarding the standard cost for each unit:
JAX Inc. In early 2012, JAX Inc. had budgeted for the production and sales of 5,000 units at a sales price of $15 per unit. The following information is available regarding the standard cost for each unit: Actual results for 2012 were determined to be as follows: Refer to the JAX Inc. information above. What was JAX Inc.'s direct materials price variance for 2012? A) $952 F B) $952 U C) $1,120 F D) $1,120 U Actual results for 2012 were determined to be as follows:
JAX Inc. In early 2012, JAX Inc. had budgeted for the production and sales of 5,000 units at a sales price of $15 per unit. The following information is available regarding the standard cost for each unit: Actual results for 2012 were determined to be as follows: Refer to the JAX Inc. information above. What was JAX Inc.'s direct materials price variance for 2012? A) $952 F B) $952 U C) $1,120 F D) $1,120 U Refer to the JAX Inc. information above. What was JAX Inc.'s direct materials price variance for 2012?


A) $952 F
B) $952 U
C) $1,120 F
D) $1,120 U

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