The Difference Between the Actual Quantity and the Standard Quantity,multiplied

question 114

Multiple Choice

The difference between the actual quantity and the standard quantity,multiplied by the standard price,is the:

• A)direct materials spending variance.
• B)direct materials volume variance.
• C)direct materials price variance.
• D)direct materials quantity variance.

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Definitions:

Reimburse

The act of compensating someone for money spent or costs incurred on someone else's behalf.

Litigation

The process of taking legal action or resolving disputes in court between individuals or parties.

Traveler's Checks

Preprinted, fixed-amount checks designed to allow the person signing them to make payments when traveling.

Countersignature

A second signature on a document that confirms or approves the initial signature, providing an additional level of security or authentication.