Write True or False to the Statements Below

question 128

True/False

Write True or False to the statements below.If the statement is false, rewrite the underlined word or phrase to make the statement true.
-Increased use of pesticides was a significant part of the Green Revolution.

---

Definitions:

Materials Price Variance

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

Materials Standards

Predetermined benchmarks for the cost and quantity of materials used in the production process.

Materials Price Variance

The difference between the actual cost of materials and the expected (or standard) cost, indicating how efficiently materials are being purchased.

Standard Price

A predetermined price that a company aims to pay for materials, labor, and other costs, used for budgeting and performance evaluation.