JAX Inc. In early 2012, JAX Inc. had budgeted for the production and sales of 5,000 units at a sales price of $15 per unit. The following information is available regarding the standard cost for each unit:
Actual results for 2012 were determined to be as follows:
Refer to the JAX Inc. information above. What was JAX Inc.'s direct materials price variance for 2012?
A) $952 F
B) $952 U
C) $1,120 F
D) $1,120 U

Question

JAX Inc. In early 2012, JAX Inc. had budgeted for the production and sales of 5,000 units at a sales price of $15 per unit. The following information is available regarding the standard cost for each unit:
 Actual results for 2012 were determined to be as follows:
 Refer to the JAX Inc. information above. What was JAX Inc.'s direct materials price variance for 2012?
A) $952 F 
B) $952 U 
C) $1,120 F 
D) $1,120 U

Quizplus · Accepted Answer

The Answer of JAX Inc. In early 2012, JAX Inc. had budgeted for the production and sales of 5,000 units at a sales price of $15 per unit. The following information is available regarding the standard cost for each unit:
 Actual results for 2012 were determined to be as follows:
 Refer to the JAX Inc. information above. What was JAX Inc.'s direct materials price variance for 2012?
A) $952 F 
B) $952 U 
C) $1,120 F 
D) $1,120 U

JAX Inc in Early 2012, JAX Inc