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If the Price Paid Per Unit Differs from the Standard

question 129

Multiple Choice

If the price paid per unit differs from the standard price per unit for direct materials, the variance is a _____ variance.


Definitions:

Evaluation

A systematic process for assessing the performance or value of a particular entity, activity, or outcome.

Punctuality

The state or quality of being prompt and on time for appointments, meetings, or deadlines.

Performance Appraisal

A systematic evaluation of an employee's job performance and productivity, typically for feedback or developmental purposes.

Subordinate's Behavior

The actions and conduct of individuals who are in positions lower in the organizational hierarchy in relation to their supervisors.

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