The Methodological Framework for the Research Project Is Contained In

question 36

Multiple Choice

The methodological framework for the research project is contained in:

• A)The research methodology chapter of the thesis, or in the research methodology section of the report of the research.
• B)The literature review.
• C)The data analysis chapter or in the data analysis section of the report of the research.
• D)Conclusions and recommendations.

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Definitions:

Direct Materials Price Variance

The difference between the actual cost of direct materials used and the budgeted cost, based on the standard prices.

Direct Materials Quantity Variance

The deviation of the actual direct materials amount utilized in manufacturing from the expected standard amount, times the set cost per unit.

Standard Price

The predetermined cost of a single unit of product or service, used in budgeting and to measure efficiency.

Direct Labor Rate Variance

The difference between the expected cost of direct labor and the actual cost incurred, based on the rate paid per hour.