The Standard Unit Cost Is Used in the Calculation of Which

question 24

Short Answer

The standard unit cost is used in the calculation of which of the following variances? $\quad$$\quad$$\begin{array}{llcc}\underline{ \text { Materials Price Variance}} & \underline{\text { Materials Quantity Variance } }\end{array}$

a. $\quad$$\quad$$\quad$$\quad$$\quad$$\begin{array}{llcc} \text { No } & \quad\quad\quad\quad\quad\quad\quad\quad\quad\quad \text { No } \end{array}$

b. $\quad$$\quad$$\quad$$\quad$$\quad$$\begin{array}{llcc} \text { No } & \quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\text { Yes } \end{array}$

c. $\quad$$\quad$$\quad$$\quad$$\begin{array}{llcc} \text { Yes } & \quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\text { No } \end{array}$

d. $\quad$$\quad$$\quad$$\quad$$\begin{array}{llcc} \text { Yes } & \quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\text { Yes } \end{array}$

---

Definitions:

Life Stories

Personal narratives that individuals create to give meaning, coherence, and context to their lives.

Dan McAdams

An American psychologist known for his work in personality psychology and the development of a theory of personality based on narrative identity.

Identities

The various ways in which an individual perceives themselves or is recognized within a community, including aspects of personal, social, and cultural identity.

Dopamine

A neurotransmitter involved in reward, motivation, memory, attention, and even regulating body movements.