Mass Is a Measure of

question 31

Multiple Choice

Mass is a measure of

• A) inertia.
• B) force.
• C) grams.
• D) weight.
• E) kilograms.

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Definitions:

Materials Price Variance

The difference between the actual cost of materials and the standard cost, multiplied by the quantity used.

Materials Quantity Variance

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

Raw Materials

Unprocessed or primary substances used in manufacturing to create finished goods.

Retained Earnings

Retained earnings represent the accumulated net income of a company that has not been distributed to shareholders as dividends but is reinvested in the business.