Which of the Following Is a Type of Attribute

question 23

Multiple Choice

Which of the following is a type of attribute?

• A) Single-valued attribute
• B) Multi-valued attribute
• C) Null-valued attribute
• D) All of these choices

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Definitions:

Materials Price Variance

The difference between the actual cost of materials and the standard cost multiplied by the quantities purchased.

Materials Quantity Variance

The difference between the actual quantity of materials used in production and the expected quantity, based on the standard cost.

Materials Quantity Variance

The discrepancy between the actual use of materials in production and the planned use, each multiplied by the predetermined cost per unit.

Variable Overhead

Indirect manufacturing costs that vary with the level of production activity, such as utilities for the manufacturing plant.