The Flexible Budget Variance for Materials Has Which of the Following

question 33

Multiple Choice

The flexible budget variance for materials has which of the following two components?

• A)Direct materials price variance and direct materials quantity variance
• B)Direct materials price variance and indirect materials price variance
• C)Direct materials quantity variance and indirect materials quantity variance
• D)Direct materials rate variance and direct materials quality variance

---

Definitions:

Self-analysis

is the process by which an individual reflects on and critically assesses their thoughts, feelings, and behaviors to gain self-awareness.

Traditionalists

Individuals or groups who adhere to long-established practices, values, or trends, often resistant to change.

Individualists

Persons who prioritize personal independence and self-reliance, often valuing their own goals and motivations over those defined by groups or society.

Creativity

Innovation; the ability to use imagination and insight to produce new ideas, products, and processes; an important ability that can be enhanced by keeping an open mind, having a questioning attitude, and using a new-ideas system.