At the End of the 1980s,bank Regulators ________ Various Standards

question 70

Multiple Choice

At the end of the 1980s,bank regulators ________ various standards by which bank performance is measured thereby ________ banks willingness to lend.

• A)lowered,increasing
• B)raised,increasing
• C)lowered,decreasing
• D)raised,decreasing

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Definitions:

Direct Materials Quantity Variance

A measure of the difference between the actual quantity of materials used in production and the expected quantity, based on standards.

Total Direct Materials Cost Variance

The difference between the actual costs of direct materials used in production and the expected (or standard) costs.

Direct Materials Price

The cost of raw materials and components required for the manufacture of a product.

Direct Materials Quantity Variance

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