Credit Cards Are

question 62

Multiple Choice

Credit cards are

• A) money but are not a large part of the money supply.
• B) not money under any circumstance.
• C) money and are the largest part of the money supply.
• D) not money because they are not made of paper.

---

Definitions:

Direct Material Cost

The cost of raw materials and components that are directly used in the production of a product.

Labor Quantity Variance

The difference between the actual hours worked and the standard hours allowed for the work performed, multiplied by the standard hourly wage rate.

Produced

The completed output of goods or services as a result of manufacturing or production processes.

Materials Price Variance

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