The Direct Materials Quantity Variance Is Calculated Using Which Three

question 138

Multiple Choice

The direct materials quantity variance is calculated using which three amounts?

• A)Actual quantity used, standard quantity allowed for actual production, actual price paid
• B)Actual quantity used, standard quantity allowed for actual production, standard price allowed
• C)Standard quantity used, actual price paid, standard price paid
• D)Actual quantity used, actual price paid, standard price paid

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Definitions:

Follows Objects

The ability to visually track moving items, often assessed in developmental examinations to indicate proper neurological function.

180 Degrees

A term denoting a complete opposite direction or change in opinion or position.

Months

Divisions of the year based on the Earth's orbit around the sun, typically totaling twelve in a calendar year.

Draws Arms

Refers to the action of pulling one's arms towards the body or towards another object or person.