What Standard(s)do(es)direct Materials and Direct Labor Have When Calculating Standard

question 77

Multiple Choice

What standard(s) do(es) direct materials and direct labor have when calculating standard costs?

• A)Quantity/Efficiency standard
• B)Price standard
• C)Flexible standard
• D)Both A and B

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Definitions:

Unsaturated

Referring to a compound, especially fats or oils, with at least one double bond between carbon atoms, allowing the addition of more hydrogen atoms.

Locard's Exchange Principle

A principle in forensic science that states every contact leaves a trace, meaning a criminal will always bring something into the crime scene and leave with something from it.

Cellulose

A complex carbohydrate or polysaccharide that forms the main structure of plant cell walls and is used in the production of paper, textiles, and various bioproducts.

Sheep Wool

The soft, thick, curly hair that grows on sheep, used extensively in textiles for clothing, blankets, and other products.