According to Modernization Theory,the Development of Certain Structures (Especially Technologies)and

question 35

True/False

According to modernization theory,the development of certain structures (especially technologies)and cultural realities (values,norms)are deemed essential for societies to modernize.

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Definitions:

Materials Price Variance

The difference between a direct material’s actual price per unit and its standard price per unit, multiplied by the quantity purchased.

Standard Cost

An estimated or predetermined cost of performing an operation, producing a good, or delivering a service, used for budgeting and performance evaluation.

Variable Overhead Efficiency Variance

The difference between the actual variable overhead based on the efficient use of resources and the standard variable overhead expected.

Materials Price Variance

The difference between the actual cost of materials used and the standard cost, multiplied by the actual quantity of materials used.