The Direct Material Quantity Variance Is Computed by Multiplying the Difference

question 128

True/False

The direct material quantity variance is computed by multiplying the difference between the actual quantity of material and the standard quantity by the standard price.

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Definitions:

Dependent Variable

The variable in an experiment that is expected to change in response to variations in the independent variable.

Reaction Time

The interval of time between the presentation of a stimulus and the initiation of the muscular response to that stimulus.

Language Acquisition

The process by which humans acquire the ability to perceive, comprehend, and produce language, usually in early childhood.

Vocabulary

The collection of words known and used by a person in a particular language, fundamental to effective communication and comprehension.