The Difference Between Actual and Standard Cost Caused by the Difference

question 60

Multiple Choice

The difference between actual and standard cost caused by the difference between the actual number of resource-units used and the standard number of resource-units that should have been used for the output of the period is called the:

• A) Controllable variance.
• B) Master budget variance.
• C) Flexible-budget variance.
• D) Quantity (or efficiency or usage) variance.
• E) Price variance.

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Definitions:

Residual Volume

The amount of air left in the lungs after a forceful exhalation, demonstrating lung and respiratory health.

Medication Administration

The process of giving a medication to a patient via any number of routes, such as orally or intravenously.

NG Tube Placement

The insertion of a nasogastric tube through the nose, past the throat, and down into the stomach for feeding or drainage.

Scored Tablets

Tablets marked with a line, making it easier to split them evenly, often used for adjusting dosages.