What Are the Two Most Likely Reasons an Unfavorable Total

question 98

Multiple Choice

What are the two most likely reasons an unfavorable total materials variance may exist?

• A)Inflation caused an increase in the cost to acquire materials of the same quality, and due to this inflation, the company purchased fewer materials than used.
• B)The company used less material than it purchased, and the amount paid for the material was more than the standard price.
• C)The price paid was more than the standard price, and the quantity budgeted was less than quantity used.
• D)The price paid was more than the standard price, and the quantity used was less than the quantity budgeted

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Definitions:

Developmental Psychology

A branch of psychology that studies the psychological growth of individuals throughout their lifespan, focusing on how they develop cognitively, emotionally, and socially.

Learning Processes

The ways in which individuals acquire new information, behaviors, skills, values, or understanding through experience.

American Psychology

A branch of psychology concerned with the study of behavior and mental processes within the context of American society and culture.

Founder

An individual who establishes or initiates the creation of an organization, company, or movement.