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:

Checking Account

A bank account that allows for numerous withdrawals and deposits, intended primarily for daily transactions.

Check Register

A record book used to track checks written, deposits made, and the current balance of a checking account.

Endorser

Signature on the back of the check of the payee.

Endorsement

An act of giving one's public approval or support to someone or something, often used in contexts of advertisements or political backing.