A Company Purchases 130,000 Kilograms of Materials

question 56

Multiple Choice

A company purchases 130,000 kilograms of materials.The materials price variance is $26,000 favourable.What is the difference between the standard and actual price paid for the materials?

• A)$5.00
• B)$0.20
• C)$5.50
• D)$0.25

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Definitions:

Test's Reliability

The consistency of a test in measuring what it is intended to measure across different occasions.

Reliability

Reliability refers to the consistency and dependability of a measurement, test, or instrument in yielding similar results under consistent conditions.

Test Items

Questions or tasks designed to measure knowledge, skills, abilities, or other attributes.

Nonmanipulated Variables

Variables in a study that are not altered or controlled by the researcher but observed for their effects on the outcome.