Match the Items with the Correct Description Below

question 25

Multiple Choice

Match the items with the correct description below.
-Noble alloy

• A)Alloy composed of non-noble metals
• B)A mixture of two or more metals
• C)Alloy containing at least 60% noble metals,40% of which must be gold
• D)Classification of metal based on its high cost
• E)Alloy composed of metals that do not corrode readily

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Definitions:

Standard Costs

Predetermined costs to manufacture a product or deliver a service, used for budgeting and performance evaluation.

Direct Materials Price Variance

The difference between the actual cost of direct materials used in production and the expected (or standard) cost.

Actual Costs

The genuine expenses that are incurred in the production or acquisition of goods and services.

Standard Costs

Predetermined cost estimates relating to how much it should cost to produce a product or provide a service under normal conditions.