Among the Symbols That Describe Number Formats, the _______ Symbol

question 40

Multiple Choice

Among the symbols that describe number formats, the _______ symbol is used to separate a series of three digits.

• A) comma
• B) decimal point
• C) hyphen
• D) semicolon

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Definitions:

Materials Price Variance

The difference between the actual cost of raw materials and the expected cost at standard prices.

Standard Quantity

The expected or predetermined amount of materials or input needed to produce a single unit of product, used for manufacturing budgeting and variance analysis.

Standard Price

A predetermined cost that companies use for budgeting and assessing the performance of actual costs.

Actual Materials Purchased

The total quantity and cost of raw materials bought during a period for the purpose of production.