The Usage Variance Is the Difference Between the Actual and Standard

question 71

Multiple Choice

The usage variance is the difference between the actual and standard quantity of inputs

• A)multiplied by the standard unit price of the input.
• B)budgeted multiplied by the standard unit price of the input.
• C)multiplied by the actual unit price of the input.
• D)purchased multiplied by the actual unit price of the input.
• E)none of these.

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Definitions:

Federal Crime

Crimes that violate the laws of the Federal Government of a country and are prosecuted under federal law as opposed to state law.

Overthrow of the Government

The act of removing a government from power, typically through undemocratic means such as a coup or revolution.

Communist Party

A political party advocating the principles of communism, including the abolition of private property and the establishment of a society where goods are owned communally and available to all.

Capitalism

An economic system where private individuals own and control property in accord with their interests, and the distribution and production of goods are determined mainly by competition in a free market.