Question
4. The following materials standards have been established for a particular product: Standard quantity per unit of output 4.8 feet Standard price $19.60 per feet
4.
| The following materials standards have been established for a particular product: |
| Standard quantity per unit of output | 4.8 feet |
| Standard price | $19.60 per feet |
| The following data pertain to operations concerning the product for the last month: |
| Actual materials purchased | 1,120 feet |
| Actual cost of materials purchased | $21,280 |
| Actual materials used in production | 1,020 feet |
| Actual output | 120 units |
| What is the materials price variance for the month? |
| A. | $612 U |
| B. | $672 U |
| C. | $612 F |
| D. | $672 F |
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Health Care Marketing Audit A Complete Guide
Authors: Gerardus Blokdyk
2020 Edition
0655947469, 978-0655947462
