The Standard Unit Cost Is Used in the Calculation of Which

question 81

Short Answer

The standard unit cost is used in the calculation of which of the following variances? $\begin{array}{l}\text { Materials Price Variance } & \text { Materials Quantity Variance } \\\end{array}$
A) $\begin{array}{l}&&&&\text { No } & &&&&&&&&&\text { No } \\\end{array}$
B) $\begin{array}{l}&&&&\text { No } &&&&&&&&&& \text { Yes } \\\end{array}$
C) $\begin{array}{l}&&&&\text { Yes } &&&&&&&&&& \text { No } \\\end{array}$
D) $\begin{array}{l}&&&&\text { Yes } &&&&&&&&&& \text { Yes }\end{array}$

• A)\(\begin{array}{l}&&&&\text { No } & &&&&&&&&&\text { No } \\\end{array}\)
• B)\(\begin{array}{l}&&&&\text { No } &&&&&&&&&& \text { Yes } \\\end{array}\)
• C)\(\begin{array}{l}&&&&\text { Yes } &&&&&&&&&& \text { No } \\\end{array}\)
• D)\(\begin{array}{l}&&&&\text { Yes } &&&&&&&&&& \text { Yes }
• \end{array}\)

Identify the forms and implications of electronic money in financial transactions.

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Understand the concept and legal standing of substitute checks.

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