If You Put the Following Events in the Order They

question 17

Multiple Choice

If you put the following events in the order they occur in the human digestive system, which would be the third event in the series?

• A) Cells in gastric pits secrete protons.
• B) Pepsin activates pepsinogen.
• C) HCl activates pepsinogen.
• D) Partially digested food enters the small intestine.

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Definitions:

Direct Material Standards

The predetermined cost and quantity of raw materials that should be used in the production of a single unit of product under normal operating conditions.

Actual Production

The real quantity of goods or services produced over a specified period, as opposed to planned or expected production levels.

Direct Material Price Variance

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

Cost Standards

The benchmarks or norms established for the cost of materials, labor, and overhead that are used in measuring and controlling performance.