Direct Materials Variances Are Called Price and Quantity Variances

question 158

Short Answer

Direct materials variances are called price and quantity variances. However, when referring to direct labor, these variances are usually called ________and ___________variances.

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Definitions:

Dissociative Disorder

A mental health condition characterized by a disconnection and lack of continuity between thoughts, memories, surroundings, actions, and identity.

Dissociative Amnesia

A disorder characterized by an inability to recall important personal information, usually of a traumatic or stressful nature.

Dissociative Identity Disorder

Dissociative Identity Disorder (DID) is a psychological condition characterized by the presence of two or more distinct personality states or identities within a single individual, often arising as a response to severe trauma.

Dissociative Fugue

A rare psychiatric disorder characterized by reversible amnesia for personal identity, including memories, personality, and other identifying characteristics, often involving unplanned travel or wandering.