Materials Price Variance = Actual Price - Standard Price) X

question 97

True/False

Materials price variance = actual price - standard price) x standard quantity allowed.

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Definitions:

Long-term Debt Ratio

A financial metric that measures the proportion of a company's total debt that is due over a period longer than one year, relative to its total assets.

Profit Margin

Profit margin is a financial metric expressed as a percentage, indicating the portion of revenue that remains as profit after all expenses are paid.

Net Cash From Operating Activity

Net cash from operating activity indicates the amount of cash a company generates from its regular business operations, after accounting for operating expenses and working capital changes.

Depreciation Expense

An accounting method used to allocate the cost of a tangible or physical asset over its useful life, reflecting the asset's consumption, wear and tear over time.