For a Direct Material, Which One of the Following Is

question 45

Multiple Choice

For a direct material, which one of the following is defined as the difference between the actual and standard unit price of the direct material multiplied by the actual quantity of the material purchased?

• A) Direct materials purchase-price variance.
• B) Direct materials volume variance.
• C) Direct materials usage variance.
• D) Direct materials flexible-budget variance.
• E) Direct materials purchase-mix variance.

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Definitions:

Justification

The act or process of showing, proving, or reasoning that something is right, warranted, or necessary.

Leading

The act of guiding or directing a group, organization, or individual toward a certain goal or objective.

Queuing

Refers to the process of lining up in sequence for service or resources, often used in operations management and computer science to describe the orderly arrangement of tasks or people.

Page-Design Technique

Methods and strategies used in organizing and structuring the layout of a webpage or printed page for effective communication.