A.Gross margin

B.Contribution per unit

C.Return on capital employed

D.Sales price variance

A.£250 adverse

B.£260 favourable

C.£260 adverse

D.£250 favourable

E.Fabex Ltd. manufactures a household detergent called "Clear". The standard data for one of the chemicals used in production (chemical XTC) is as follows:
(a) 50 litres used per 100 litres of 'Clear' produced
(b) Budgeted monthly production is 1000 litres of 'Clear'.
The closing inventory of chemical XTC for November valued at standard price was as follows:
Actual results for the period during December were as follows:
(a) 500 litres of chemical XTC was purchased for £1300.
(b) 550 litres of chemical XTC was used.
(c) 900 litres of 'Clear' was produced.
It is company policy to extract the material price variance at the time of purchase.
What is the total direct material usage variance (to the nearest whole number)?

A.The difference between the actual wages paid and the standard labor cost for the output produced

B.The standard wage rate multiplied by the difference between the actual hours worked and the standard hours needed for the output produced

C.The difference between the actual wages paid and what should have been paid for the hours worked

D.The difference between the actual rate of efficiency and the standard rate of efficiency for direct labor

A.Move to the right

B.Double

C.Stay where it is

D.Move to the left