Use the Figure Below to Answer the Following Questions

question 65

Multiple Choice

Use the figure below to answer the following questions.
Figure 1A.1.2
-Refer to Figure 1A.1.2.When y increases from 5 to 6, x

• A)increases from 5 to 6.
• B)increases from 7 to 7 1/2.
• C)increases from 7 to 8.
• D)increases from 7 to 9.
• E)decreases from 9 to 7.

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Definitions:

Materials Price Variance

The difference between the actual cost of raw materials and the expected (standard) cost, used in budgeting and financial analysis to gauge purchasing efficiency.

Direct Materials

Raw materials that are directly used in the manufacturing of a product and are easily traceable to the final product.

Direct Labor Variances

The difference between the budgeted or standard cost of direct labor for actual production and the actual cost incurred for direct labor.

Direct Labor

The work of factory employees that can be directly traced to the product being manufactured.