A Materials Quantity Variance Is Unfavorable When

question 114

Multiple Choice

A materials quantity variance is unfavorable when:

• A) Standard quantity is less than actual quantity
• B) Actual price is greater than standard price
• C) Actual quantity is less than standard quantity
• D) Standard price is greater than actual price

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Definitions:

Scholasticism

A medieval school of philosophy that sought to reconcile Christian theology with classical philosophy, predominantly through the use of logical reasoning.

Renaissance Humanism

An intellectual movement during the Renaissance that focused on the study of classical antiquity and emphasized human potential and achievements.

Machiavelli's Political Theories

The ideas and concepts on governance and political strategy articulated by Niccolò Machiavelli, most notably in his work "The Prince," which emphasizes practicality over morality in statecraft.

Commercial Power

The capacity of a nation, organization, or group to influence others through the control of trade and economic resources.