A Company Uses 40000 Gallons of Materials for Which They

question 144

Multiple Choice

A company uses 40000 gallons of materials for which they paid $7.00 a gallon. The materials price variance was $80000 favorable. What is the standard price per gallon?

• A) $2
• B) $5
• C) $7
• D) $9

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Definitions:

Content Validity

The extent to which a test or measurement instrument covers the content that it is supposed to measure.

Split-Half Reliability

A measure of consistency where a test is divided into two parts and the scores on both halves are compared.

Correlation Coefficient

A statistical measure that calculates the strength and direction of the relationship between two variables, ranging from -1 to 1.

Middle Childhood

This developmental stage, from approximately 6 to 12 years of age, involves growing independence, developing friendships, and increasing academic and social skills.