As a Percentage of Total Assets,credit Unions Invest _______________ in Securities

question 18

Multiple Choice

As a percentage of total assets,credit unions invest _______________ in securities than banks and ______________ in consumer loans than banks.

• A)more; more
• B)less; less
• C)more; less
• D)less; more
• E)less; about the same

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Definitions:

Direct Materials Price Variance

The difference between the actual cost of direct materials and the expected (or standard) cost, used in manufacturing and budgeting.

Direct Materials Quantity Variance

The difference between the actual quantity of materials used in production and the expected quantity, multiplied by the standard cost per unit of material.

Total Cost Variance

The overall difference between the actual costs incurred and the standard or budgeted costs, across all categories of expenses.

Variable Factory Overhead

Costs of manufacturing that vary with the level of production output, such as utility costs for machinery.