The Purchasing Agent of an Organization Acquired Some Raw Materials

question 9

Multiple Choice

The purchasing agent of an organization acquired some raw materials at a bargain price, even though she knew that their quality was lower than that of the materials customarily used.This action resulted in a favorable raw materials purchase price variance that might very well have been more than offset by:

• A)an unfavorable raw materials usage variance.
• B)a favorable direct labor efficiency variance.
• C)an unfavorable variable overhead spending variance.
• D)an unfavorable direct labor rate variance.

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Definitions:

HashMap< K,V >

A class in Java that implements the Map interface, storing keys and values in a hash table, allowing for quick lookup, addition, and deletion of pairs.

String

Represents a sequence of characters, used to store and manipulate text in programming languages.

ArrayIndexOutOfBoundsException

A runtime exception thrown in Java to indicate that an array has been accessed with an illegal index, either negative or beyond its size.

Vector

A collection class in Java that implements a dynamic array, allowing elements to be added or removed and providing methods to manipulate the data.