To Work with a Saved File, the File Must Be

question 92

Multiple Choice

To work with a saved file, the file must be removed from ____.

• A) storage and placed in memory
• B) memory and placed in storage
• C) storage and placed in ROM
• D) ROM and placed in storage

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Definitions:

Materials Quantity Variance

The difference between the actual quantity of materials used in production and the standard quantity allowed for the actual output, multiplied by the standard price per unit of materials.

Materials Price Variance

The difference between the actual unit price paid for an item and the standard price, multiplied by the quantity purchased.

Standard Quantity

The expected or established quantity of materials or labor expected to be used during a manufacturing process or production cycle.

Standard Price

Standard price is the pre-determined cost that a company expects to pay for goods, materials, or services, used in budgeting and cost control.