The Direct Materials Quantity Variance Is Based on the Amount

question 65

Multiple Choice

The direct materials quantity variance is based on the amount of materials

• A)purchased.
• B)on hand.
• C)used.
• D)budgeted.

---

Definitions:

Tax

A necessary tax or other charge placed on individuals by a government agency, with the purpose of generating revenue for government operations and miscellaneous public outlays.

Tax Revenue

The income that is collected by governments through taxation, which supports public spending and services.

Government

The organization, or system by which a community or nation is governed, responsible for creating and enforcing laws.

Consumer Surplus

The offset between what customers are willing and able to pay for a service or product and what they actually expend.