For Better Control of Direct Material Prices, When Should Direct

question 63

Multiple Choice

For better control of direct material prices, when should direct material price variance be recognized?

• A)when material is purchased
• B)when material is issued from the storeroom
• C)when material is put into production
• D)when production is completed

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Definitions:

Tapes

Refers to magnetic tape used for storing data, traditionally utilized in backup, archival, and data transportation.

System Program

A type of computer program designed to operate, control, and extend the processing capabilities of the computer itself.

Operating System

The software that manages the hardware and software resources of a computer, and provides common services for computer programs.

Arithmetic Operations

Basic mathematical operations such as addition, subtraction, multiplication, and division applied to numeric data types.