Using This Set of Numbers, 2, 2, 4, 6, 9

question 56

Multiple Choice

Using this set of numbers, 2, 2, 4, 6, 9, 11, 14, 18, 21, 33, calculate the range.

• A) 2
• B) 19
• C) 31
• D) 33

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Definitions:

Materials Quantity Variance

The difference between the expected and actual quantities of materials used in production, valued at the standard cost.

Production Department

A division within a company that is responsible for the manufacture of goods.

Investigation

The systematic examination or inquiry into something to establish facts and reach new conclusions.

Materials Price Variance

It measures the difference between the actual cost of materials used in production and the expected (standard) cost.