The Standard Unit Cost Is Used in the Calculation of Which

question 92

Short Answer

The standard unit cost is used in the calculation of which of the following variances? $$\begin{array} { l l l } & \text { Materials Price Variance } & \text { Materials Quantity Variance } \\\text { a. } & \text { No } & \text { No } \\\text { b. } & \text { No } & \text { Yes } \\\text { c. } & \text { Yes } & \text { No } \\\text { d. } & \text { Yes } & \text { Yes }\end{array}$$

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Definitions:

Unit Reorganization

A process of restructuring the setup or management of a department or area within an organization to improve efficiency or outcomes.

To-do List

A list of tasks or activities that one intends to accomplish over a specific period.

Prioritize List

The process of organizing tasks, problems, or needs in order of importance or urgency to ensure focus on the most critical issues first.

Self-reliance

The reliance on one’s own powers and resources rather than those of others.