Casivant Corporation makes a product that uses a material with the following direct material standards: Standard quantity 3.8pounds per unitStandard price$4.00per poundThe company produced 7,300 units in November using 28,710 pounds of the material. During the month, the company purchased 30,800 pounds of the direct material at a total cost of $117,040. The direct materials purchases variance is computed when the materials are purchased.?The materials price variance for November is:

A. $5,548 U
B. $6,160 F
C. $5,548 F
D. $6,160 U


Answer: B

Business

You might also like to view...

Which one of the following best defines an external event in terms of accounting?

a. A measured event that must be recognized. b. An event recognized in a set of financial statements. c. A happening of consequence to an entity. d. An interaction between an entity and its environment.

Business

Answer the following statements true (T) or false (F)

1. Managers perform the management functions in a linear, or step-wise, order, starting with planning and ending with controlling. 2. The three traditional levels of management are top, middle, and first-line. 3. Middle managers can be either general or functional managers. 4. While both general managers and project managers supervise employees from several functional departments, not all general managers are project managers.

Business

In a sale on approval, the risk of loss and title to the goods remain with seller until the buyer's acceptance

Indicate whether the statement is true or false

Business

Which of the following must be prepared before the direct labor budget?

A. Production budget. B. Selling expense budget. C. Merchandise purchases budget. D. Budgeted income statement. E. Capital expenditures budget.

Business