If It Is to Be Most Useful for Control Purposes

question 6

Multiple Choice

If it is to be most useful for control purposes, what variance should be reported to the supervisor responsible for the number of pounds of corn syrup used in the manufacture of a candy bar?

• A)Raw material price variance, expressed in cents per pound.
• B)Raw material usage variance, expressed as a total cost for the month.
• C)Raw material usage variance, expressed in total pounds for the month.
• D)Raw material usage variance, expressed in total pounds for the week.

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Definitions:

Yes/No Field

A data field type in databases used to store boolean values, typically to represent a true (Yes) or false (No) state.

Check Box

A graphical user interface element that permits the user to make a binary choice, typically yes/no or true/false.

Subtotal

A mathematical function or formula used to sum up a group of numbers, often used in data analysis and accounting.

Form Controls

User interface elements like buttons, checkboxes, and text fields that allow users to input or manipulate data in forms.