A Major Factor in the Conversion from Fossil Fuels to Renewable

question 9

Multiple Choice

A major factor in the conversion from fossil fuels to renewable forms of energy is

• A)money.
• B)infrastructure.
• C)access to renewable forms.
• D)a lack of technology to develop renewable forms.

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Definitions:

Retained Earnings

The accumulated net income of a company that is retained by the company rather than distributed to shareholders as dividends.

Materials Price Variance

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

Materials Quantity Variance

Represents the difference between the actual quantity of materials used in production and the standard quantity expected to be used, multiplied by the standard cost per unit.

Raw Materials

Unprocessed or primary substances used in manufacturing to create finished goods.