A Bill Is Passed to the President for Action While

question 245

Multiple Choice

A bill is passed to the president for action while Congress is still in session. After ten days he or she has still not approved it. What happens to the bill?

• A) It is returned to Congress.
• B) It is vetoed.
• C) It becomes law.
• D) Nothing. The president has thirty days to act on a bill.
• E) Nothing. The president has ninety days to act on a bill.

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Definitions:

Direct Materials Purchases Variance

The difference between the actual cost of direct materials purchased and the expected (or standard) cost, used for budgeting and cost control purposes.

Standard Costs

Predetermined or budgeted costs for materials, labor, and overhead used for cost control and financial planning.

Materials Quantity Variance

The variance between the real amount of materials consumed in the manufacturing process and the anticipated standard amount.

Direct Materials Purchases Variance

The difference between the actual cost of direct materials purchased and the expected, or budgeted, cost.