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}$

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Definitions:

Intellectual Characteristic

A trait or feature relating to the intellect, such as analytical thinking, creativity, or knowledgeability.

Experience of Flow

A state of deep focus and immersion in activities, where individuals lose sense of time and self-awareness.

Rapid Succession

Occurring in a quick and consecutive manner, often with minimal intervals in between.