Match Each Example to the Names (Used More Than Once)

question 64

Multiple Choice

Match each example to the names (used more than once) listed below.
-Tetracycline HCL

• A)Generic Name
• B)Chemical Name
• C)Trade Name

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Definitions:

Direct Materials Price Variance

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

Units

A measure of quantity used to quantify the products, services, or resources dealt with in business operations.

Direct Labor Time Variance

The difference between the actual hours and the standard hours of direct labor spent producing a product multiplied by the standard direct labor rate per hour.

Direct Labor

The cost of employee wages that is directly associated with the manufacturing of products or the provision of services.