The Following Materials Standards Have Been Established for a Particular

question 449

Multiple Choice

The following materials standards have been established for a particular product: The following data pertain to operations concerning the product for the last month:
The direct materials purchases variance is computed when the materials are purchased.What is the materials quantity variance for the month?

• A) $4,312 Unfavorable
• B) $13,315 Unfavorable
• C) $23,160 Unfavorable
• D) $7,500 Unfavorable

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Definitions:

Sequential Interdependence

A work process situation where the output of one task becomes the input for the next task, requiring coordination and timing between tasks.

Nominal Group Technique

A structured way for team members to generate ideas and identify solutions in which each member is asked the same question in relation to a work issue and requested to write as many answers as possible. Answers are read aloud and voted upon.

Delphi Technique

A method of decision making in which information is gathered from a group of respondents within their area of expertise.

Brainstorming

A creative group technique used to generate a large number of ideas for the solution to a problem.