The Difference Between the Standard and Actual Prices Paid for Resources

question 67

Multiple Choice

The difference between the standard and actual prices paid for resources purchased is a:

• A) price variance
• B) efficiency variance
• C) volume variance
• D) quantity variance

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Definitions:

Urinary Organ

An organ involved in the production, storage, and elimination of urine; examples include the kidneys and bladder.

Urethra

The tube that conducts urine from the bladder to the exterior of the body in both sexes and also serves as a passageway for semen in males.

Bladder

A muscular sac in the pelvis that holds urine until it can be excreted through the urethra.

Capsular Space

The capsular space, or Bowman's space, is the region in the kidney's nephron between the Bowman's capsule and the glomerulus, involved in the filtration of blood.