Most Companies Base the Calculation of the Direct-Material Price Variance

question 87

Multiple Choice

Most companies base the calculation of the direct-material price variance on the:

• A)number of units purchased.
• B)number of units spoiled.
• C)number of units that should have been used.
• D)number of units actually used.
• E)number of units to be purchased during the next accounting period.

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Definitions:

Blockchain

A decentralized, distributed ledger technology that records transactions across many computers in such a way that the registered transactions cannot be altered retroactively.

Digital Currencies

Electronic money that exists in the digital space, enabling instantaneous transactions and borderless transfer-of-ownership.

Bitcoin

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Technology

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