Which of the Following Represents the Fluctuations Up to a Twelve

question 121

Multiple Choice

Which of the following represents the fluctuations up to a twelve month time period?

• A)Seasonal component
• B)Irregular component
• C)Trend
• D)Cyclical component

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Definitions:

Direct Material Used

Direct material used refers to the raw materials that are directly incorporated into a product being manufactured.

Materials Purchased

The total cost of raw materials bought for use in the production process.

Materials Quantity Variance

The difference between the actual quantity of materials used in production and the quantity expected, multiplied by the standard cost per unit.

Standard Quantity

The expected amount of materials or input needed to produce a unit of output.