Tommy's Toys produces two types of toys: trains and dolls. Tommy's uses stainless steel to manufacture the trains and plastic to manufacture the dolls. Information regarding the usage of steel and plastic for the past year follows: What is the price variance for steel used to manufacture the trains?
A)$2625 favorable
B)$703 favorable
C)$2625 unfavorable
D)$703 unfavorable

Question

Tommy's Toys produces two types of toys: trains and dolls. Tommy's uses stainless steel to manufacture the trains and plastic to manufacture the dolls. Information regarding the usage of steel and plastic for the past year follows:  What is the price variance for steel used to manufacture the trains?
A)$2625 favorable 
B)$703 favorable 
C)$2625 unfavorable 
D)$703 unfavorable

Quizplus · Accepted Answer

The Answer of Tommy's Toys produces two types of toys: trains and dolls. Tommy's uses stainless steel to manufacture the trains and plastic to manufacture the dolls. Information regarding the usage of steel and plastic for the past year follows:  What is the price variance for steel used to manufacture the trains?
A)$2625 favorable 
B)$703 favorable 
C)$2625 unfavorable 
D)$703 unfavorable

Tommy's Toys Produces Two Types of Toys: Trains and Dolls