Candy Stores Inc gives you the following information: The standard material cost is $7 per pound for a 15 pound bag of chocolate. The following is the actual cost and usage data: Direct materials purchased and used 186,000 pounds Price paid for direct materials $6.00 per pound Number of bags produced 12,000 units Using the above information provided for Candy Stores, compute the direct materials
quantity variance for Candy Stores.
A) $42,000 (F)
B) $42,000 (U)
C) $186,000 (F)
D) $186,000 (U)
B
You might also like to view...
The most future-directed of the basic financial statements is the
a. statement of stockholders' equity. b. statement of cash flows. c. income statement. d. balance sheet.
Vitamin drinks are in the growth stage of their product life cycle. This means that promotion for vitamin drinks most likely focuses on ________
A) encouraging trial through sales promotion B) creating public awareness through public relations C) encouraging customers to switch brands through sales promotion D) stressing product benefits through advertising E) using competitive-parity strategies
The main reason behind Alphabet's decision to acquire the Israeli start-up company Waze for $1 billion was probably to
A. support start-up companies with venture capital. B. share its capabilities with Waze. C. preempt its competitors from buying Waze. D. gain access to technology that is alien to it.
_________________________ can only be sustained if the brand also offers highly visible customer support.
a. Brand positioning b. Brand identity c. Brand image d. Brand loyalty