The Total Materials Variance Is Equal to the

question 19

Multiple Choice

The total materials variance is equal to the

• A) materials price variance.
• B) difference between the materials price variance and materials quantity variance.
• C) product of the materials price variance and the materials quantity variance.
• D) sum of the materials price variance and the materials quantity variance.

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Definitions:

Sales Tax

A consumption tax imposed by the government on the sale of goods and services, typically calculated as a percentage of the purchase price.

Percentage

A rate, number, or amount in each hundred, often used to express a proportion of a whole.

Algebraic Expression

A mathematical phrase that can contain numbers, operators, and variables, but no equal sign.

Exponent Laws

Mathematical rules that describe operations on powers, including multiplication, division, and raising powers to powers.