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:

Median

A statistical measure representing the middle value in a data set, where half the numbers are above and half are below.

Mode

The number that occurs more often than any other in a sample.

Evidence

Material or information used to support facts or propositions in various contexts, such as legal or scientific.

Knowledge Management

The process of creating, sharing, using, and managing the knowledge and information of an organization to enhance its performance and competitiveness.