Allan industries’ direct materials quantity standard is 8.6 pounds per unit and its direct materials price standard is $2.18 per pound. to make 13,000 units in february, allan industries used 115,000 pounds of direct materials and spent $250,000. allan’s accountants reported a total materials variance of $0.48 per unit. is this correct? why or why not?

technology is the application of knowledge and tools to solve problems and perform tasks more efficiently. t/f

The gomez company, a merchandising firm, has budgeted its activity for december according to the following information: • sales at $500,000, all for cash. • merchandise inventory on november 30 was $250,000. • the cash balance at december 1 was $20,000. • selling and administrative expenses are budgeted at $50,000 for december and are paid for in cash. • budgeted depreciation for december is $30,000. • the planned merchandise inventory on december 31 is $260,000. • the cost of goods sold represents 75% of the selling price. • all purchases are paid for in cash. the budgeted cash disbursements for december are:

Which of the following is an element of inventory holding costs? a. material handling costs b. investment costs c. housing costs d. pilferage, scrap, and obsolescence e. all of the above are elements of inventory holding costs.