Which of the Following Choices Correctly Notes the Use of the Standard

question 33

Multiple Choice

Which of the following choices correctly notes the use of the standard price per unit of direct material when calculating the direct-material price variance and the direct-material quantity variance? $\begin{array} { | l | c | l | } \hline & \text { Price Variance } & \text { Quantity Variance } \\\hline 1 & \text { Used } & \text { Always used } \\\hline 2 & \text { Used } & \text { Occasionally used } \\\hline 3 & \text { Used } & \text { Not used } \\\hline 4 & \text { Not used } & \text { Always used } \\\hline 5 & \text { Not used } & \text { Not used } \\\hline\end{array}$

• A)1
• B)2
• C)3
• D)4
• E)5

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Definitions:

Shared Mental Model

A cognitive framework shared among members of a team or group that facilitates common understanding and coordination.

Primed Goal Orientation

A psychological state induced by external cues that activates a specific goal-driven behavior or mindset in an individual.

Cross-cueing

A cognitive strategy in which information from one source is used to retrieve or interpret information from another, often used in learning and memory.

Transactive Memory

A collective system for encoding, storing, and retrieving information within a close-knit group, allowing for more efficient knowledge sharing.