Two or More Substances in Variable Proportions,where the Composition Is

question 96

Multiple Choice

Two or more substances in variable proportions,where the composition is variable throughout are considered

• A)a solution.
• B)a homogeneous mixture.
• C)a compound.
• D)an amorphous solid.
• E)a heterogeneous mixture.

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Definitions:

Total Material Variance

The difference between the actual material costs incurred and the expected (standard) costs, reflecting efficiency in material usage.

Direct Material Standards

The predetermined cost and quantity of raw materials that should be used in the production of a single unit of product under normal operating conditions.

Actual Production

The real quantity of goods or services produced over a specified period, as opposed to planned or expected production levels.

Direct Material Price Variance

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