Golden Marine Stores Company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor. Golden uses standard costs to prepare its flexible budget. For the first quarter of the year, direct materials and direct labor standards for one of their popular products were as follows:
Direct materials: 2 pounds per unit; $3 per pound
Labor: 4 hours per unit; $20 per hour
During the first quarter, Golden produced 5000 units of this product. At the end of the quarter, an examination of the direct materials records showed that the company used 9500 pounds of direct materials and the direct materials cost variance was $3750 U. Which of the following is a logical explanation for this variance?
A) The company used more labor hours than allowed by the standards.
B) The company paid a higher cost per hour for labor than allowed by the standards.
C) The company used a greater quantity of direct materials than allowed by the standards.
D) The company paid a higher cost for the direct materials than allowed by the standards.
D) The company paid a higher cost for the direct materials than allowed by the standards.
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The growth rate of output and employment in a country started declining after rising sharply for three years. In which stage of the business cycle is the country currently operating?
A. Peak B. ?Trough C. ?Expansion D. ?Depression
Egg distributors determine the relative quality of the product and put a rating on the packaging, such as Grade A or Grade AA. This rating system is most closely related to which facilitating function activity performed by marketing intermediaries?
A. risk taking B. grading C. sorting D. assorting E. marketing
Directors who are also officers or employees of a publicly held corporation are "affiliated directors."
a. True b. False Indicate whether the statement is true or false
Scenario 13.1 Use the following to answer the questions. Kelly Rose, Inc. markets several different brands, under its own Kelly Rose name label, as well as others. Its primary brands, such as Kelly Rose, Kelly & Ko, and KRC, are sold to wholesalers. These brands are then available through retail department stores such as Kohl's and Macy's. The wholesale-based brands division is positioned as customer-focused and cost-efficient. Its premium brands division includes labels such as Saffie Campbell, Martyn Curry, and Costura Moderno. These premium brands are sold through stores that the Kelly Rose company owns. Refer to Scenario 13.1. The Kelly & Ko brand is sold only at J.C.Penney's. This is an example of ____ distribution.
A. selective B. routine C. horizontal D. intensive E. exclusive